1923 5TH ST Active 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
Area 34236 - Sarasota
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
Virtual Tour https://kuula.co/share/collection/7bd0m?logo=1&info=1&fs=1&vr=0&thumbs=1