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1923 5th Street
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PRICED AT ONLY: $1,250,000

Address: 1923 5th Street, SARASOTA, FL 34236

Description

The Velocity Project presents an exceptional opportunity to acquire a shovel ready luxury condominium development in Sarasotas rapidly growing Gillespie Park neighborhood. This offering is structured as a true turnkey investment, with the sale including complete architectural drawings, technical reports, cost analyses, and all supporting materials needed for a smooth development process. With Development Review Committee approvals already secured and permits projected within approximately six weeks, the project is positioned for an expedited construction start. The approved design, created by the acclaimed Solstice Architecture Firm, reflects an aesthetic influenced by the coastal architecture of Spain and Portugal. The development plans call for six generously sized residences designed with high end finishes, modern layouts, and upscale amenities that appeal to todays luxury buyers. Situated on a quarter acre site with Downtown Edge (DTE) zoning, the property benefits from a location within one of Sarasotas most dynamic and evolving districts. Gillespie Park continues to attract strong buyer interest and investment, supported by a lively environment of local shops, dining destinations, and a diverse mix of architectural character. This is a rare chance to move forward with a fully entitled project while avoiding the lengthy planning stages. Reach out today to obtain detailed project information, financial data, construction estimates, approved plans, and to arrange a site visit.

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  • MLS#: A4682868 ( Land )
  • Street Address: 1923 5th Street
  • Viewed: 29
  • Price: $1,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 13

Description

The Velocity Project presents an exceptional opportunity to acquire a shovel ready luxury condominium development in Sarasotas rapidly growing Gillespie Park neighborhood. This offering is structured as a true turnkey investment, with the sale including complete architectural drawings, technical reports, cost analyses, and all supporting materials needed for a smooth development process. With Development Review Committee approvals already secured and permits projected within approximately six weeks, the project is positioned for an expedited construction start. The approved design, created by the acclaimed Solstice Architecture Firm, reflects an aesthetic influenced by the coastal architecture of Spain and Portugal. The development plans call for six generously sized residences designed with high end finishes, modern layouts, and upscale amenities that appeal to todays luxury buyers. Situated on a quarter acre site with Downtown Edge (DTE) zoning, the property benefits from a location within one of Sarasotas most dynamic and evolving districts. Gillespie Park continues to attract strong buyer interest and investment, supported by a lively environment of local shops, dining destinations, and a diverse mix of architectural character. This is a rare chance to move forward with a fully entitled project while avoiding the lengthy planning stages. Reach out today to obtain detailed project information, financial data, construction estimates, approved plans, and to arrange a site visit.
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 0.00
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Sewer: Public Sewer
  • Utilities: Other
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Country: US
  • Current Use: Residential
  • Legal Description: LOTS 16 18 20 & 22 BLK 3 INWOOD PARK 1ST ADD
  • Area Major: 34236 - Sarasota
  • Parcel Number: 2026090007
  • Views: 29
  • Zoning Code: DTE
Nearby Subdivisions
Bay Point Park   Bay Point Park 2   Bird Key Sub   Collage On 5th Condominium   Halls Sub James S   High Point Circle   Inwood Park   Inwood Park First Add   John Ringling Estates St Arman   Lido Beach Div A   Lido C   Lido C Lido Shores   Lido Shores   Orange One   Owen Burns Sub   Saint Armands Div John Ringlin   Schindler Sub   Towles Sub Of Lts 18 20 22   Washington Park   Whitakers Landing  
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