Overview
Description
WHAT AN OPPORTUNITY TO OWN A COMMERCIAL LOT in a CENTRALLY LOCATED AREA OF SARASOTA, just MINUTES FROM DOWNTOWN AND THE BEACH. 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. Any building facing MLK must include commercial space on the ground floor.
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.
SURVEY AVAILABLE.
Short-term rentals are not permitted. Buyer is responsible for verifying all BUILDING REQUIREMENTS, ZONING REGULATIONS, AND DEVELOPMENT POSSIBILITIES WITH SARASOTA COUNTY.
Address
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Address: DR MARTIN LUTHER KING JR
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City: SARASOTA
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State/county: Sarasota
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Zip/Postal Code: 34234
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Area: NEWTOWN 1ST ADD TO
Details
Updated on September 10, 2026 at 3:59 pm-
Property ID TB8484737
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Price $109,000
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Land Area 0.17 Square Feet
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Property Status Land
Additional details
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CoListAgentFullName Mariana Rascassi
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CoListAgentMlsId 281543829
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CoListOfficeMlsId 281531515
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CoListOfficeName PREFERRED SHORE LLC
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ContractStatusChangeDate 2026-03-10
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CumulativeDaysOnMarket 184
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CurrentUse Unimproved
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DaysOnMarket 184
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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.
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InternetAutomatedValuationDisplayYN 1
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InternetConsumerCommentYN 1
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ListAOR Sarasota - Manatee
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ListAgentAOR Suncoast Tampa
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ListAgentEmail meamandaandrews@hotmail.com
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ListAgentFullName Amanda Andrews
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ListAgentKey 8a219362aee096145af2ed2a5810b461
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ListAgentMlsId 260054282
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ListAgentPreferredPhone 401-390-5513
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ListOfficeKey 478b26ba0b323869a52fce2072a4308b
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ListOfficeMlsId 281531515
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ListOfficeName PREFERRED SHORE LLC
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ListOfficePhone 941-999-1179
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ListingContractDate 2026-03-10
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ListingTerms Cash
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LotSizeArea 7575
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LotSizeDimensions 50 x 154
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LotSizeSquareFeet 7575
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MLSAreaMajor 34234 - Sarasota
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MlsStatus Active
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ModificationTimestamp 2026-09-10T15:09:30.613Z
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OnMarketDate 2026-03-10
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OriginalEntryTimestamp 2026-03-11T00:28:20.157Z
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OriginalListPrice 109000
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OriginatingSystemKey stellar
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OriginatingSystemName Stellar MLS
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Ownership Fee Simple
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ParcelNumber 2024020104
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PhotosChangeTimestamp 2026-09-10T15:15:47.784Z
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PhotosCount 8
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RoadSurfaceType Asphalt
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Sewer Public Sewer
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SourceSystemKey 784233862
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SpecialListingConditions None
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StateOrProvince FL
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StatusChangeTimestamp 2026-03-11T00:28:20.157Z
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StreetName DR MARTIN LUTHER KING JR
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StreetNumber 0
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StreetNumberNumeric 0
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StreetSuffix WAY
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TaxAnnualAmount 712.96
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TaxBlock 15
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TaxBookNumber A-53
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TaxLegalDescription LOT 2 LESS THAT PART LYING ALG 33RD ST FOR RD ROW BLK 15 1ST ADD TO NEWTOWN
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TaxLot 2
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TaxYear 2025
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Utilities Electricity Available, Water Available
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WaterSource Public
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Zoning CBN
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Down Payment
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Loan Amount
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Property Tax
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Home Insurance
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PMI
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Monthly HOA Fees







