1923 5TH ST new Save Request In-Person Tour Request Virtual Tour
Sarasota,FL 34236
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 19,024 sqft
Price per Sqft $76
Subdivision Gillespie Parkl
MLS Listing ID A4641390
Construction Status Pre-Construction
HOA Y/N No
Originating Board Stellar MLS
Year Built 2025
Annual Tax Amount $6,990
Lot Size 10,454 Sqft
Acres 0.24
Lot Dimensions 100 X 105
Property Sub-Type Mixed Use
Property Description
Pre-Construction. To be built. Introducing The Velocity Project, a shovel-ready luxury condo development opportunity in the vibrant Gillespie Park neighborhood of Sarasota, Florida. The purchase includes full architectural plans, detailed studies, construction cost analysis, and supporting documentation, making it a true turnkey investment. Gillespie Park's rapid appreciation and demand for high-end living spaces make The Velocity Project a lucrative opportunity for investors and developers. This pre-construction project offers a profitable and convenient investment with all necessary approvals and plans in place. With complete Development Review Committee (DRC) approvals and an estimated 6-week permit timeline, investors can break ground immediately. The project features a fully entitled and approved design by the award-winning Solstice Architecture Firm, inspired by the coastal elegance of Spain and Portugal. The development includes six spacious, high-end residences with luxury amenities, offering premium features and exceptional livability. The Velocity Project is sited on a quarter-acre parcel zoned Downtown Edge (DTE), in a area that is experiencing a dynamic transformation, with a mix of boutiques, cafes, restaurants, and unique architectural styles. Don't miss out on the chance to own a piece of Sarasota's future while benefiting from the extensive work already completed. Contact us today for full project details, financial projections, studies, plans, DRC approval, construction quotes, and to schedule a site tour.
Location
State FL
County Sarasota
Community Gillespie Parkl
Zoning DTE
Interior
Cooling Central Air,Other,Zoned
Exterior
Utilities Available Electricity Available,Other,Phone Available,Public
Building
Lot Description City Limits,Near Public Transit,Sidewalk,Street Lights
Foundation Slab
Lot Size Range 0 to less than 1/4
Sewer Public Sewer
Water Public
Structure Type Block,Concrete,Stucco
New Construction true
Construction Status Pre-Construction
Others
Ownership Sole Proprietor
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Special Listing Condition None