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$109,000
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Property Description
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.
Full Property Details
Full Property Details for Dr Martin Luther King Jr Way
General
- Price: $109,000
- Taxes: $712 (2025)
- Status: Active
- Type: Lots/Land
- Source: MidFloridaRegionalMLS
- MLS ID: TB8484737
- Updated: 3/11/2026
- Added to Site: 10 day(s) ago
Location
- Area: 34234 - Sarasota
- County: Sarasota
- Development Name: 34234 - Sarasota
- Subdivision: NEWTOWN 1ST ADD TO
- Driving 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.
Community
- Community Name: 34234 - Sarasota
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Water Available
Structural Information
- Current Bldg. Use: Commercial
Lot Features
- Lot Size (Acres): 0.17
- Lot Size (Sq. Ft.): 7,575
- Lot Size: 7575
- Lot Dimensions: 50 x 154
- Street/Road Desc.: Asphalt
Financial Considerations
- Price Per Acre: $641,176
- Tax Amount: $712.96
- Tax Year: 2025
Disclosures and Reports
- Ownership: Fee Simple
- Special Conditions: None
- Legal Description: LOT 2 LESS THAT PART LYING ALG 33RD ST FOR RD ROW BLK 15 1ST ADD TO NEWTOWN
- Flood Zone Info: x
- APN: 2024020104
- Property ID: 2024020104
- Block/Lot/Section: 15
Listed by Preferred Shore Llc
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Price & Sales History for Dr Martin Luther King Jr Way
Date
Details
Price
Change
Source
3/10/2026
Listed
$109,000
98.18%
MLS
1/08/2021
Sold
$55,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for Dr Martin Luther King Jr Way
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,547
1%
$234,000
-2%
2024
$2,530
23%
$238,000
38%
2023
$2,049
1580%
$172,000
79%
2021
$122
-95%
$96,100
-48%
2022
$2,220
1720%
$185,300
129%
2021
$122
8%
$80,900
34%
2019
$113
-2%
$60,379
10%
2018
$115
1%
$54,890
10%
2017
$114
4%
$49,900
7%
2016
$110
-6%
$46,600
9%
2015
$117
-1%
$42,800
-5%
2014
$118
2%
$45,100
9%
2013
$116
—
$41,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for Dr Martin Luther King Jr Way
Dr Martin Luther King Jr Way, Sarasota, FL 34234 (MLS# TB8484737) is a Lots/Land property with a lot size of 0.17 acres. Dr Martin Luther King Jr Way is currently listed for $109,000 and was received on March 10, 2026. Want to learn more about Dr Martin Luther King Jr Way? Do you have questions about finding other Lots/Land real estate for sale in Sarasota? You can browse all Sarasota real estate or contact a Coldwell Banker agent to request more information.

