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.
Property Details
Price:
$1,450,000
MLS #:
A4641390
Status:
Active
Beds:
0
Baths:
0
Address:
1923 5TH STREET
Type:
Commercial
Subtype:
Mixed Use
Subdivision:
GILLESPIE PARKL
Neighborhood:
34236 – Sarasota
City:
SARASOTA
Listed Date:
Feb 20, 2025
State:
FL
Finished Sq Ft:
20,629
Total Sq Ft:
20,629
ZIP:
34236
Lot Size:
10,500 sqft / 0.24 acres (approx)
Year Built:
2025
Schools
Interior
Cooling
Central Air, Other, Zoned
Exterior
Construction Materials
Block, Concrete, Stucco
Financial
Tax Year
2024
Taxes
$6,991
Map
Community
- Address1923 5TH STREET SARASOTA FL
- SubdivisionGILLESPIE PARKL
- CitySARASOTA
- CountySarasota
- Zip Code34236
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1923 5TH STREET
SARASOTA, FL
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