1923 5th St , SARASOTA, FL 34236
SARASOTA, FL 34236
Description
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 documentationeverything 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 outthis 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.
Details
| MLS# | A4631425 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Sub-Type | New Construction |
| Status | Active |
| Year | 2025 |
| Days On Site | 44 |
| Listing Provided By | LIVING VOGUE LLC | Mark Coppens |
Features
| SQ Feet | 19,024 |
|---|---|
| Zoning | DTE |
| Acreage | 0.24 |
Market Activity 34236
Listings courtesy of Stellar MLS as distributed by MLS GRID.Based on information submitted to the MLS GRID as of January 17, 2025 at 6:10:42 AM PST All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com. “The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner’s behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.
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Learn More About This Property
| State | FL |
|---|---|
| County | Sarasota |
| City | SARASOTA |
| Zip Code | 34236 |
| Area | 34236 Sarasota |
| Community Name | GILLESPIE PARKL |
| Listing VS Median (in GILLESPIE PARKL) | |
Price: $1,650,000 low | high Med: $1,650,000 SqFt: 19,024 low | high Med: 19,024 $ / SqFt: $87 low | high Med: $87 On Site: 44 low | high Med: 44.000000 | |