Covered land play with a multifamily building in the heart of Wynwood. This is 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 houses a 2,620 SF multifamily structure configured into eight residential units, currently producing stable in-place income. With flexible T5-0 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.
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Each winter during Carnaval Miami, salsa tunes blare and the smell of spicy chorizo fills the air on Calle Ocho, the commercial thoroughfare and heart of Miami's Little Havana. The roaring street festival, which culminates in the world's longest conga line, is the last of 10 events comprising the Latin-spiked Carnaval.
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