
Mixed-Use Land for Sale in Sarasota, Florida
Dr Martin Luther King Jr Way, Sarasota, FL 34234
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
- County
- Sarasota County
- Community
- Newtown 1st Add to
- Elevation
- 30 feet
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
LOT 2 LESS THAT PART LYING ALG 33RD ST FOR RD ROW BLK 15 1ST ADD TO NEWTOWN
Resources
Listing history
| Date | Event | Price | Change | Source |
|---|---|---|---|---|
| Mar 11, 2026 | New listing | $109,000 | — | MFRMLS |






