125 Edgewater Dr, Coral Gables, FL 33133

Fausto Commercial Realty Consultants is pleased to offer this rare opportunity to acquire unique covered land play opportunity, featuring 20,000 square feet of prime land just minutes away from the prestigious neighborhood of Cocoplum in Coral Gables. As per current zoning, there is the potential to construct 9 luxurious townhomes, each boasting over 4,600 square feet of elegant living space. Additionally, this property already benefits from an existing income stream. On-site, there is a well-maintained 16-unit apartment building generating over $400,000 in gross income. This provides an excellent opportunity for investors to collect income while awaiting the approval of their development plans, further enhancing the appeal and financial potential of this property.