DR MARTIN LUTHER KING JR WAY, Sarasota, FL 34234

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.

Listing Status:

Active

Date Added:

March 10, 2026

Data Last Updated:

March 29, 2026 at 7:24AM

Listing Office:

PREFERRED SHORE LLC : 941-999-1179

Listing Agent:

Amanda Andrews : 401-390-5513

MLS ID:

TB8484737

Location

• Road/Access: Asphalt
• Originating MLS: Stellar MLS
• County: Sarasota

Lot

• Zoning: CBNLOT 2 LESS THAT PART LYING ALG 33RD ST FOR RD ROW BLK 15 1ST ADD TO NEWTOWN2024020104
• Current Use: Commercial

Utilities

• Utilities: Electricity AvailableWater Available
• Water: Public
• Sewer: Public Sewer

Financial

• Source: Stellar MLS
• Ownership: Fee Simple