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0 DR MARTIN LUTHER KING JR WAY

Lots/Land For Sale
$109,000

BTC: 1.31104162

ETH: 41.13207547

202 days
0 room(s)

Overview

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.

Location

Details

Type:
Land
Parking:
No Data
Year Built:
No Data
Lot:
0.17 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$349,900
$117K – $1.1M
Confidence Low
List vs. estimate
$240K below estimate
List $109,000 · -68.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$712
2025
All facts and features
  • Lot

    • Lot: 0.17 Acres

    Other Property Information

    • Parcel Number: 2024020104

    • Zoning: CBN

  • Type and style

    • Property Type: Land

  • Utility

    • Electricity Available

    • Water Available

  • Other financial information

    • Annual tax amount: $713

  • Source details

    • MLS ID: TB8484737

    Other facts

    • Water Source: Public

    • Lot Size Dimensions: 50 x 154

    • Subdivision Name: NEWTOWN 1ST ADD TO

Private inquiry
Talk to the advisor on this listing.
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The multiple listing information is provided by the Stellar MLS from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Stellar MLS. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: PREFERRED SHORE LLC