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  • MLS#: A4641390 ( Commercial Sale )
  • Street Address: 1923 5th Street
  • Viewed: 39
  • Price: $1,300,000
  • Price sqft: $63
  • Waterfront: No
  • Year Built: 2025
  • Bldg sqft: 20629
  • Days On Market: 133
  • Additional Information
  • Geolocation: 27.3406 / -82.5316
  • County: SARASOTA
  • City: SARASOTA
  • Zipcode: 34236
  • Subdivision: Gillespie Parkl
  • Provided by: PREFERRED SHORE LLC
  • Contact: Tara Miller
  • 941-999-1179
  • mfrmls
  • DMCA Notice
  • Description
    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.
Features
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 0.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
  2. Other
  3. Zoned
Country
  1. US
Covered Spaces
  1. 0.00
Garage Spaces
  1. 0.00
Insurance Expense
  1. 0.00
Legal Description
  1. LOTS 16 18 20 & 22 BLK 3 INWOOD PARK 1ST ADD
Living Area
  1. 19024.00
Lot Features
  1. City Limits
  2. Near Public Transit
  3. Sidewalk
  4. Street Lights
Area Major
  1. 34236 - Sarasota
Net Operating Income
  1. 0.00
New Construction Yes / No
  1. Yes
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 2026090007
Property Condition
  1. Pre-Construction
Property Type
  1. Commercial Sale
Road Frontage Type
  1. City Street
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 36S
Utilities
  1. Electricity Available
  2. Other
  3. Phone Available
  4. Public
Views
  1. 39
Virtual Tour Url
  1. https://kuula.co/share/collection/7bd0m?logo=1&info=1&fs=1&vr=0&thumbs=1
Water Source
  1. Public
Year Built
  1. 2025
Zoning Code
  1. DTE