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1923 5th Street, SARASOTA, FL 34236
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1923 5th Street
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Would you like to sell your home before you purchase this one?
Priced at Only: $1,450,000
For more Information Call:
Address: 1923 5th Street, SARASOTA, FL 34236
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  • MLS#: A4641390 ( Commercial Sale )
  • Street Address: 1923 5th Street
  • Viewed: 18
  • Price: $1,450,000
  • Price sqft: $70
  • Waterfront: No
  • Year Built: 2025
  • Bldg sqft: 20629
  • Days On Market: 48
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.
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.
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-
  •   Monthly -
Features
Building and Construction
  • Covered Spaces: 0.00
  • Living Area: 19024.00
Property Information
  • Property Condition: Pre-Construction
Land Information
  • Lot Features: City Limits, Near Public Transit, Sidewalk, Street Lights
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Central Air, Other, Zoned
  • Road Frontage Type: City Street
  • Sewer: Public Sewer
  • Utilities: Electricity Available, Other, Phone Available, Public
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
  • Legal Description: LOTS 16 18 20 & 22 BLK 3 INWOOD PARK 1ST ADD
  • Area Major: 34236 - Sarasota
  • Parcel Number: 2026090007
  • Views: 18
  • Zoning Code: DTE
Nearby Subdivisions
Gillespie Parkl   Petroutsa Brothers Sub   Saint Armands Div John Ringlin   Valencia Terrace Rev   Zahrada 2  

Contact Info

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Headshot for Associate Frank Filippelli
  1. Frank Filippelli, Broker,CDPE,CRS,REALTOR ®
  2. Southern Realty Ent. Inc.
  3. Quality Service for Quality Clients
  4. Mobile: 407.448.1042
  5. frank4074481042@gmail.com