Rare opportunity to acquire covered development land in the heart of East Edgewater, east of Biscayne Boulevard, just one block from Biscayne Bay and steps from Whole Foods and Equinox. Surrounded by luxury high-rises, this T6-36a-L zoned property offers a strategic land investment with significant long-term upside and the advantage of immediate income. Seven fully leased residential units generate $158,600 in annual gross income, helping offset carrying costs while investors position for future redevelopment. Multiple paths to value creation include increasing rental income, exploring short-term rental or hospitality uses, or pursuing future development and assemblage opportunities. The approximately 5,000 SF building has benefited from capital improvements, including impact windows, central A/C systems, and a silicone roof coating. Ideally positioned minutes from Wynwood, the Design District, Downtown Miami, and Brickell. A compelling opportunity for developers, land investors, and 1031 exchange buyers seeking a foothold in one of Miami's most desirable urban corridors. Own the land today. Collect the income. Control the upside.