Residential Land for Sale in Sarasota, Florida
Dr Martin Luther King Jr Way, Sarasota, FL 34234
1.28 ACRES IN PRIME SARASOTA LOCATION ZONED RMF2 (RESIDENTIAL MULTI FAMILY) READY FOR DEVELOPMENT!! Unlock the potential of this vacant residential lot in the heart of Sarasota! Zoned RMF2, this property allows for the development of up to 11 multi-family units with a....35 FOOT HEIGHT LIMIT, making it an ideal investment for builders and developers looking to capitalize on Sarasota's thriving real estate market. Key Features: Prime Location - Just minutes from downtown Sarasota and World-Famous Beaches, offering easy access to shopping, dining, entertainment, and cultural attractions. Multi-Family Potential - RMF2 zoning permits high-density residential development, perfect for rental properties or condominiums. Convenient Access - Close to major roads, including US-41, ensuring seamless connectivity to surrounding areas. Growing Community - Sarasota is a sought-after destination with strong demand for housing, making this an excellent investment opportunity.
Location
- Street address
- Dr Martin Luther King Jr Way
- County
- Sarasota County
- Community
- Humphreys Sub
- Elevation
- 28 feet
Directions
Going north on US 301 from Downtown Sarasota turn right on Dr. Martin Luther King Blvd. Property is just over the railroad tracks on the right.
Property details
- Acreage
- 1.28 acres
- Zoning
- RMF2
- MLS #
- MFRMLS A4671656
- Posted
Property taxes
- 2024
- $2,530
Parcels
- 0043040012
Legal description
BEG AT NW COR OF LOT 1 TH E 191 FT ALG N LINE OF SAID LOT 1 TH SELY & PARALLEL TO WLY LINE OF SAID LOT 293.5 FT M/L TO S LINE OF SAID LOT 1 TH W 191 FT ALG S LINE OF SAID LOT TO WLY LINE OF LOT TH
Resources
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Nov 12, 2025 | New listing | $425,000 | — | MFRMLS |