1923 5TH STREET, Sarasota, FL 34236

Listing agent VLADO KONATAR License #3371231

Listing office KONA REALTY v***@konarealtyteam.com Show Phone

Listing date Feb 17, 2026

Source Corcoran

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Overview

This property presents an opportunity to acquire a shovel-ready luxury condominium development in Sarasota’s Gillespie Park neighborhood. The sale includes architectural drawings, technical reports, cost analyses, and supporting materials. Development Review Committee approvals are secured, and permits are projected within approximately six weeks, positioning the project for an expedited construction start. The approved design, created by Solstice Architecture Firm, reflects an aesthetic influenced by the coastal architecture of Spain and Portugal. The development plans call for six residences designed with high-end finishes, modern layouts, and upscale amenities. Situated on a quarter-acre site with Downtown Edge (DTE) zoning, the property benefits from a location within one of Sarasota’s districts. Gillespie Park attracts buyer interest and investment, supported by local shops, dining destinations, and a diverse mix of architectural character. This is an opportunity to move forward with a fully entitled project.

Suggested Use

Restaurant Dental Office Spa & Massage Center Hair Salon Law Firm Nail Salon Daycare Center Real Estate Agency Pharmacy Building Supply

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Sarasota

County

Manatee

State

Florida

Longitude

-82.5316

Latitude

27.3406

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FAQs

What type of property is this?

Commercial land - Turnkey luxury condominium development opportunity in Gillespie Park.

Where is this commercial land located?

The property is located at 1923 5TH STREET Sarasota, FL.

What is the asking price?

The asking price for this property is $1,250,000.

What are key features of this property?

This property features: Shovel‑ready luxury condominium development in Sarasota's Gillespie Park.; Turnkey investment including architectural drawings, technical reports, and cost analyses.; Development Review Committee approvals secured; permits projected within six weeks.