FL > Sarasota > Gillespie Parkl
Sarasota, FL 34236,1923 5TH ST
Sarasota, FL 34236,1923 5TH ST
Sarasota, FL 34236,1923 5TH ST
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$1,450,000
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19,024 SqFt
New

1923 5TH ST Sarasota, FL 34236

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Cory Richter

Cory Richter

+1(812) 290-8195

UPDATED:

02/23/2025 12:49 AM

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

Stellar MLS
© 2025 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by PREFERRED SHORE LLC

Learn More About LPT Realty

agent

Cory Richter

Realtor | License ID: 3589337

+1(812) 290-8195

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1923 5TH ST