$109,000
0 Dr Martin Luther King Jr Way
Sarasota, FL 34234
Listing updated: May 12, 2026 at 6:25 PM ET
Listing courtesy of Preferred Shore Llc · Amanda Andrews · MLS #TB8484737 · Active · 941-999-1179Property type
Lot size
Price / sq ft
HOA dues
Days on market
Flood zone
About this home
WHAT AN 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. 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.
Local Insight
At $14 per square foot in Sarasota, you're looking at a deeply discounted raw land parcel in the historically significant Newtown neighborhood—this price point suggests either significant development restrictions, title complications, or permitting challenges you'd need to investigate thoroughly before committing. The X flood zone is a major plus for financing and insurance costs, but with zero improvements and a small 0.17-acre lot, your options are limited to teardown-and-rebuild or tight infill development, so factor in substantial carrying costs and entitlement risk before jumping on the valuation alone.
AI-generated insight based on listing data and neighborhood context. Verify independently.
Estimated monthly payment
Estimate only. Taxes use the listing's reported amount where available; insurance is a Florida-average estimate. Your actual payment will vary — run a full calculation or talk to a lender.
Price & listing history63 days on market
- Status: ActiveMar 11, 2026
- Listed$109,000Mar 10, 2026
- Price increased$109,000
Facts & features
- Property type
- Land
- Status
- Active
- Days on market
- 63
- Subdivision
- Newtown 1st Add To
- County
- Sarasota
- Price/sq ft
- $14
- Lot size
- 7,575 sq ft
- Lot category
- 0 to less than 1/4
- Flood zone
- x
- Annual taxes
- $713 (2025)
- Parcel #
- 2024020104
- Zoning
- CBN
- MLS #
- TB8484737
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HOA & Financial
- Total monthly fees
- $0/mo
- Total annual fees
- $0
- Listing terms
- Cash
- Ownership
- Fee Simple
Exterior & Construction
- Road surface
- Asphalt
Utilities
- Sewer
- Public Sewer
- Water source
- Public
- Utilities
- Electricity Available, Water Available
Listing Details
- Listing date
- 2026-03-10
- On market date
- 2026-03-10
- Original list price
- $109,000
- MLS area
- 34234 - Sarasota
- Listing AOR
- Sarasota - Manatee
- Status changed
- 2026-03-11
- Tax legal description
- LOT 2 LESS THAT PART LYING ALG 33RD ST FOR RD ROW BLK 15 1ST ADD TO NEWTOWN
Flood risk
Minimal-risk area outside the mapped floodplain. Flood insurance is optional and typically low-cost.
Source: FEMA flood zone reported on the listing. Confirm current designation at FEMA Flood Map Service Center.
Location
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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Listings courtesy of Stellar MLS as distributed by MLS GRID
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Based on information submitted to the MLS GRID as of May 12, 2026 at 6:25 PM ET. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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