1923 5th Street
Sarasota, FL 34236
- – beds
- – baths
- – sqft
- 10,500 sqft lot
- – on site
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 documentation—everything 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 out—this 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.
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Last updated Dec 13, 2024
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MLS# A4631424 —
The Building
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Building Area Units:Square Feet
Room Dimensions
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Living Area Units:Square Feet
Location
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Directions:South on 301 to 5th street, turn right on 5th and property is the second from the corner.
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Latitude:27.340599
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Longitude:-82.531616
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Coordinates:-82.531616, 27.340599
The Property
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Parcel Number:2026090007
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Property Type:Land
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Lot Features:Buildable
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Lot Size Acres:0.24
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Lot Size Area:10500
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Lot Size SqFt:10500
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Lot Size Dimensions:100 x 105
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Lot Size Units:Square Feet
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Total Acres:0 to less than 1/4
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Zoning:DTE
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Current Use:Mixed Use
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Direction Faces:South
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View:City
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View:true
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Water Source:Public
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Road Responsibility:Public Maintained Road
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Road Surface Type:Asphalt
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Road Frontage Type:Street Lights
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Flood Zone Code:X
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Additional Parcels:false
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Price Per Acre:6875000
Listing Agent
- Contact info:
- Agent phone:
- (941) 444-0436
- Office phone:
- (800) 486-1794
Taxes
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Tax Year:2024
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Tax Lot:16
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Tax Block:3
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Tax Legal Description:LOTS 16 18 20 & 22 BLK 3 INWOOD PARK 1ST ADD
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Tax Book Number:A-23
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Tax Annual Amount:6990.93
The Listing
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Special Listing Conditions:None
Utilities
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Utilities:Cable Available
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Sewer:Public Sewer
Schools
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Elementary School:Alta Vista Elementary
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Middle Or Junior School:Booker Middle
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High School:Booker High
The Community
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Subdivision Name:GILLESPIE PARKL
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Water View:false
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Water Access:false
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Waterfront:false
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Ownership:Fee Simple
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/4/24
Dec 4, 2024
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Listed / Active | STELLAR_MLS | $1,650,000 | 187.0% (72.7% / YR) |
|
5/11/22
May 11, 2022
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STELLAR_MLS | $575,000 | -8.7% | |
|
3/29/22
Mar 29, 2022
|
STELLAR_MLS | $629,900 |
