Commercial Sale Property - Mixed Use in Sarasota
Listing Price: $1,300,000Cumulative Days on Market: 130
Description of Property
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.
Property Details At A Glance
Property Type: Commercial Sale
Property Use or Sub Type: Mixed Use
City: Sarasota
County: Sarasota
Subdivision: Gillespie Parkl
Sq. Ft. Gross: 20,629
Sq. Ft. Living Area: 19,024
Cost per (heated) sqare foot: $68
Year built: 2025
Annual Tax: $6,991
Taxes and fees can change periodically, and other fees may apply. Please check with your Realtor for more details.
Appliances:
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Waterfront Info
Pool Features:
Spa Features:
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Water Access: Not specified
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Exterior & Construction
Architectural Style:
- Block
- Concrete
- Stucco
Foundation: Slab
Roof:
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Parking Features:
Floors Total:
Floors in Unit:
- Central Air
- Other
- Zoned
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Utilities:
- Electricity Available
- Other
- Phone Available
- Public
Sewer: Public Sewer
Water Source: Public
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Lot Information
Lot Features:
- City Lot
- Near Public Transit
- Sidewalk
- Street Lights
Lot Size (acres): 0.24
Lot Size (sq. ft.): 10,500 square feet
Lot Dimensions: 100 x 105
Road Frontage: Street Lights, City Street
Front Exposure: South
Adjoining Property: Residential
Current Adjacent Use:
Legal Description & Other Information
Financing Available: Cash, Conventional
Parcel Number: 2026090007
Zoning: DTE
New Construction: Yes
Tax Legal Desc.: LOTS 16 18 20 & 22 BLK 3 INWOOD PARK 1ST ADD
Section: 19
Range: 18E
Listing courtesy of PREFERRED SHORE LLC. The information relating to real estate for sale on this website comes in part from the My Florida Regional MLS DBA Stellar MLS. This information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.