1923 5TH ST, SARASOTA, FL, 34236
$1,300,000
Commercial Sale
|
Living Area
19,024 Sqft
|
Lot Size
10,500 Sqft
|
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
| Property Features | Property Features | |||
|---|---|---|---|---|
| MLS ID: | MFRA4641390 | Year Built: | 2025 | |
| Construction Materials: | Block, Concrete, Stucco | Cooling: | Central Air, Other, Zoned | |
| Country: | US | County Or Parish: | Sarasota | |
| Direction Faces: | South | Foundation Details: | Slab | |
| Listing Agreement: | Exclusive Right To Sell | Listing Terms: | Cash, Conventional | |
| Lot Features: | City Limits, Near Public Transit, Sidewalk, Street Lights | Property Condition: | Pre-Construction | |
| Property Sub Type: | Mixed Use | Property Type: | Commercial Sale | |
| Road Frontage Type: | City Street | Road Responsibility: | Public Maintained Road | |
| Road Surface Type: | Asphalt | Sewer: | Public Sewer | |
| Showing Requirements: | ShowingTime | Special Listing Conditions: | None | |
| Standard Status: | Active | State Or Province: | FL | |
| Utilities: | Electricity Available, Other, Phone Available, Public | Water Source: | Public | |
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