Almost 13,000 square feet of prime land in a prime downtown Coconut Grove location. From the corner of Franklin + Royal Road, this unique property spans through to Charles Av. Nestled between St. Hugh Church--Coconut Grove Playhouse--and Ransom Everglades. With 2 folios, this presents a rare opportunity to develop an architectural masterpiece with lush landscaping, yet only a 2-minute walk to the Playhouse; or develop two luxury homes. 258' deep x 50' wide over 2 Folios. Franklin contains a duplex with month-to-month tenants paying a total of $4,000/month. Charles Av has a 6-Bedroom, 3 bath home rented at $3,000/month, also month-to-month. Collect rent while you design a generational home. **Several luxury homes are currently being developed on Charles**