Land in Miami, FL 33127
118 NW 24th St

OFF MARKET

$3,950,000

Estimate Payment $24,639 Closing Costs

Beds

0.17

Acre

$23,235,294

$/Acre

LandProperty Type

0.17 AcresLot Size

$23,235,294/AcrePrice per acre

Situated in the heart of Wynwood, 118 NW 24th Street presents a premier development opportunity in one of Miami’s most sought-after urban districts. This T5-O zoned parcel, which currently houses eight residential units, is primed for a transformative development, allowing a versatile range of uses including residential, retail, hospitality, and office. The site is positioned within the Wynwood NRD-1 overlay, offering favorable zoning and height bonuses to support a mid-rise project, ideally suited for a high-end boutique building. This is a rare opportunity to secure a centrally located site with zoning flexibility and a proven path to development success in one of Miami’s fastest-growing submarkets.

Listing Courtesy Of: Gridline Properties

Local Realty Services Provided By: Best of Luxury Realty

On Site: 549 DaysUpdated: 500 Days agoPage Views: 0

All features

Current Use: Other
Property SqFt: 7500
Remarks: Situated in the heart of Wynwood, 118 NW 24th Street presents a premier development opportunity in one of Miami’s most sought-after urban districts. This T5-O zoned parcel, which currently houses eight residential units, is primed for a transformative development, allowing a versatile range of uses including residential, retail, hospitality, and office. The site is positioned within the Wynwood NRD-1 overlay, offering favorable zoning and height bonuses to support a mid-rise project, ideally suited for a high-end boutique building. This is a rare opportunity to secure a centrally located site with zoning flexibility and a proven path to development success in one of Miami’s fastest-growing submarkets.
Internet Remarks: Situated in the heart of Wynwood, 118 NW 24th Street presents a premier development opportunity in one of Miami’s most sought-after urban districts. This T5-O zoned parcel, which currently houses eight residential units, is primed for a transformative development, allowing a versatile range of uses including residential, retail, hospitality, and office. The site is positioned within the Wynwood NRD-1 overlay, offering favorable zoning and height bonuses to support a mid-rise project, ideally suited for a high-end boutique building. This is a rare opportunity to secure a centrally located site with zoning flexibility and a proven path to development success in one of Miami’s fastest-growing submarkets.
Waterfront: No info
Days on Market: 49
Compass Point: NW
Office Name: Gridline Properties
Area: 7500
Taxes: 55984
Tax Year: 2025
Listing Date: 2025-05-01T16:58:23.000-00:00
Lot Size Square Feet: 7500