Executive Summary:

Metro 1 Commercial QOZB LLC is proud to present exclusively for sale the Property at 118 NW 24 Street, Miami, FL (the “Property”) in the Wynwood’s Arts District.

The Property includes 4 buildings totaling 2,983 SF and 8 residential units on a 7,500 SF lot zoned T5-O NRD-1.

The zoning allows in terms of highest and best, an eight story building, of either multifamily, condo, hotel, office, or even vertical retail fincluding office.

The Property is ideally located on NW 24 Street, one of Wynwood’s  streets with the most development in the area, and walking distance to the best restaurants in Wynwood, like Beaker & Gray, Suviche, J Wakefield Brewery, Pez Loco, The Salty Donut, Veza Sur Brewery, and Lagunitas brewery by  La Tropical.

The NW 24 Street corridor has seen significant developments with AMLI, PMG opening Q1 2024, as well as popular food and entertainment venues like Gramps, Pilo’s, and Dirty Rabbit, to name a few. 

Wynwood:

Today, Wynwood is the most important community of arts and creative businesses in the United States. With over 400+ businesses, 200+ street murals, 30+ eateries, and encompassing over 50 city blocks.

Wynwood is currently undergoing an unprecedented transformation, with a pipeline of over 6,000 residential units, 400 hotel rooms, and 1.6M SF of office space, setting the stage to create the epitome of the live, work, play ecosystem.  So far, this transformation has attracted world renowned tech and creative companies like Spotify, Wework, Founder’s Fund, Livenation, as well as popular restaurants like Momosan, Uchi, Pastis, and national and international developers like Related, AMLI, Fifield, Related, The Collective, PMG, Quadrum, and L&L, among others.

With its clearly defined trajectory, Wynwood is poised to become without a doubt United States’ most important epicenter for tech, creative businesses, and an example of urban revitalization around the world.  New residential, hotel, and office projects are announced every month, and major infrastructure changes are planned for the district.  Some infrastructure proposals include the Wynwood Streetscape Master Plan, and the Brightline commuter station, which would connect Wynwood with Downtown Miami, Fort Lauderdale, West Palm Beach, and Orlando.