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

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