1923 5th STREET, Sarasota, FL, 34236
2025
19,024 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.
Status:
Active
Type:
Commercial
Complex:
GILLESPIE PARKL
Cooling:
Central Air, Other, Zoned
Lot Size:
100 x 105
Acreage:
0.24
Est. Taxes:
$6,991
Construction
Block, Concrete, Stucco
Utilities
Electricity Available, Other, Phone Available, Public
Lot Description:
City Lot, Near Public Transit, Sidewalk, Street Lights
Days on Market:
13
MLS #:
A4641390
Community Info
School Info
Walk Score
Yelp
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Listing courtesy of PREFERRED SHORE Phone: 941-999-1179