118 NW 24th St
Miami, FL 33127 Wynwood

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.