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
See this Listing
I have been selling real estate for over 23 years from New York to Florida. My main service areas include Celebration, Marco Island, Miami, Naples, Orlando, Sarasota, Tampa, Windermere. We can help you buy or sell real estate anywhere in the State of Florida. Looking for Golf Course Homes For Sale, Luxury Estates, Beachfront Condos, Gated Communities, Fine Homes and Estates, we cover it all.
More About GaryMortgage Calculator
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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