Coral Gables, FL

125 Edgewater Dr, Coral Gables FL 33133

$11,200,000

Key Details

Status
Active
Property Type
Income/MultiFamily

Overview

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 outstanding 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.

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