Active

1923 5TH ST

SARASOTA FL, 34236

$1,650,000


$86.73 per sqft

Active

19,024 sqft

Commercial

Built in 2025

Pre-Construction. To be built. Shovel-Ready Luxury Condo Project in Red-Hot Gillespie Park - Approved & Profitable Opportunity. Introducing The Velocity Project, an exceptional opportunity to own prime land with a fully entitled and shovel-ready 6-unit luxury condo development in the booming Gillespie Park neighborhood of Sarasota, Florida. One quarter acre, zoned Downtown Edge (DTE). This architecturally inspired project is the ultimate turnkey investment, blending world-class design with the vibrant artsy vibe of one of Sarasota's most dynamic and rapidly appreciating neighborhoods. Fully Entitled & Approved: Complete Development Review Committee (DRC) approvals, with a 6-week estimated timeline to secure permits after submission. Turnkey Package Included: Purchase includes full architectural plans, detailed studies, construction cost analysis, and supporting documentation--everything you need to break ground immediately. World-Class Design: Created by the award-winning Solstice Architecture Firm, the design takes inspiration from the coastal elegance of Spain and Portugal, seamlessly blending luxury with Sarasota's unique charm. Luxury Amenities: Thoughtfully designed with six spacious, high-end residences, offering premium features and exceptional livability. Profitable Investment: With all studies and projections completed, this project is poised to deliver strong returns in one of Sarasota's fastest-growing areas. The Location: Gillespie Park is undergoing a vibrant renaissance, transforming into Sarasota's next great destination for urban living. Just blocks from downtown, this neighborhood offers an eclectic mix of boutiques, cafes, restaurants, and diverse architectural styles. As one of the last truly affordable areas near the city center, Gillespie Park is seeing unprecedented demand for high-end living spaces, making this project a golden opportunity for investors and developers alike. This is your chance to own a piece of Sarasota's future while benefiting from the hard work already done. From fully approved plans to a booming location, The Velocity Project is the ideal blend of convenience, luxury, and profitability. Don't miss out--this opportunity won't last long. Contact us today for full project details, financial projections, studies, plans, DRC approval, construction quotes, and to schedule a site tour.

A4631425

MLS ID

December 5, 2024

Listed

December 5, 2024

Updated

Map

1923 5TH ST
SARASOTA FL, 34236

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


Zoning

DTE

Listed by LIVING VOGUE LLC
Listing Contact: 800-486-1794 

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Data last updated 12/5/2024, 6:58 AM UTC

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