Active
1923 5TH ST
SARASOTA FL, 34236
$1,450,000
$76.22 per sqft
Active
19,024 sqft
Commercial
Built in 2025
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.
A4641390
MLSⓇ ID
February 20, 2025
Listed
February 20, 2025
Updated
Interior Features
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Other, Zoned
Heating
No
Exterior/Building Features
Lot Size
0.24 Acres
Lot Features
City Limits, Near Public Transit, Sidewalk, Street Lights
Sewer
Public Sewer
Other Property Details
Area Name
34236 - Sarasota
Taxes
$6,991
Tax Frequency
Annually
Association Fee Frequency
Monthly
Garage
No
View
No
County
Sarasota
Municipality
36S
Water Source
Public
Pool
No
Utilities
Electricity Available, Other, Phone Available, Public
Zoning
DTE
Listed by PREFERRED SHORE LLC
Listing Contact: 941-999-1179
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Data last updated 2/20/2025, 9:55 PM UTC