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Mixed-Use Land for Sale in Sarasota, Florida

Dr Martin Luther King Jr Way, Sarasota, FL 34234

$109,000
0.17 acres
Active
ago
Est $794/mo

GREAT OPPORTUNITY TO OWN A COMMERCIAL LOT in a CENTRALLY LOCATED AREA OF SARASOTA, just MINUTES FROM DOWNTOWN. The lot offers ACCESS FROM TWO STREETS WITH TWO SEPARATE ENTRANCES, providing flexibility when planning future development.

The lot features approximately 7,575 SQ. FT. and is zoned CBN – COMMERCIAL. The current property use is 0010 – VACANT MULTI-FAMILY, offering several possibilities for future use. One potential concept could be building OFFICES OR RETAIL SPACE ON THE FIRST FLOOR WITH APARTMENTS ON THE SECOND FLOOR, creating a mixed-use opportunity.

Conveniently located with easy access to major roads, shopping, restaurants, and everyday amenities.

Another benefit is NO HOA AND NO FLOOD INSURANCE REQUIRED, helping keep ownership costs lower.

ZONING: CBN – COMMERCIAL

PROPERTY USE: 0010 – VACANT MULTI-FAMILY

Buyer is responsible for verifying all BUILDING REQUIREMENTS, ZONING REGULATIONS, AND DEVELOPMENT POSSIBILITIES WITH SARASOTA COUNTY.

Location

Street address
Dr Martin Luther King Jr Way
Community
Newtown 1st Add to
Elevation
30 feet
Coordinates
27.3597, -82.5302

Directions

From US-301 S, turn right onto Dr. Martin Luther King Jr. Way and continue for approximately 9.8 miles. Property will be on your left.

Property details

Lot size
0.17 acres7,405 sq ft
Zoning
CBN
MLS #
MFRMLS TB8484737
Posted

Property taxes

2025
$713

Parcels

  • 2024020104

Legal description

Resources

Listing history

DateEventPriceChangeSource
Mar 11, 2026New listing$109,000MFRMLS
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This 0.17-acre property is located at Dr Martin Luther King Jr Way in Sarasota, FL 34234. The property is available for sale for $109,000.

Checked 2 hours ago — Updated

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