118 NW 24th St - Multi-family 0.17 Acres of Residential Land Offered at $5,430,129 CAD in Miami, FL 33127

Covered Land Play with In-Place Multifamily Income in the Heart of Wynwood
Gridline Properties is proud to present 118 NW 24th Street—an exceptional covered land investment
located in the urban core of Wynwood, one of Miami’s most transformative neighborhoods. Situated on a
7,500 SF lot, the property is improved with a 2,620 SF multifamily structure configured into eight residential
units, currently producing stable in-place income.
With flexible T5-O zoning, this site offers a unique opportunity to generate immediate cash flow while
strategically land banking for future vertical development. As Wynwood continues to mature with
new hospitality, residential, and commercial developments, 118 NW 24th Street is ideally positioned
for future repositioning or redevelopment up to five stories, with a mix of residential, retail, or short-term
rental uses.
This is a rare chance to control an income-generating property on one of the most coveted corridors in the
neighborhood—within walking distance to Wynwood Walls, Zak the Baker, and dozens of cultural, culinary,
and nightlife institutions.