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Multi Family - GILLESPIE PARKL for Sale

1923 5TH, SARASOTA, FL 34236

Asking Price$1,300,000 Change Price$150,000

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  • Days on market:

    195 day(s)
  • Original Price:

    $1,450,000
  • Price per sqft:

    $68.33
  • Tax Legal Description:

    LOTS 16 18 20 & 22 BLK 3 INWOOD PARK 1ST ADD
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Construction Type:

    StuccoBlockConcrete
  • Cooling Description:

    OtherCentral AirZoned
  • Special Listing Conditions:

    None
  • Lot Features:

    Sidewalk Street LightsCity Lot Near Public Transit

Description

$1,300,000 • living size area 19024 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.

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