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Land at 0 DR MARTIN LUTHER KING JR WAY, SARASOTA
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8 photos

$109,000

0 DR MARTIN LUTHER KING JR WAY
SARASOTA, FL 34234
Listed by Amanda Andrews · PREFERRED SHORE LLC
Bedrooms
N/A
Bathrooms
N/A
Living area
N/A
Year built
N/A

About this home

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.

Property details

MLS #
MFRTB8484737
Property type
Land
Subdivision
NEWTOWN 1ST ADD TO
Status
Active
Days on market
184
On market date
March 10, 2026
Stories
N/A
Total bathrooms
N/A
Garage spaces
N/A
Parking spaces
N/A
Lot size
0.17 acres

Location

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Nearby schools

Within 10 miles · public school directory data (NCES)

Elementary
EMMA E. BOOKER ELEMENTARY SCHOOL
0.89 mi away · Grades -1-5
Nearest school -- attendance-zone data not available here
5.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
516
Student:teacher ratio
11.5:1
District
SARASOTA
Middle
BOOKER MIDDLE SCHOOL
1.03 mi away · Grades 6-8
Nearest school -- attendance-zone data not available here
4.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
911
Student:teacher ratio
14.2:1
District
SARASOTA
High
BOOKER HIGH SCHOOL
0.5 mi away · Grades 9-12
Nearest school -- attendance-zone data not available here
2.0
Local Score (student-teacher ratio only (preliminary -- will incorporate state test-score data once available)) -- not an official state rating
Enrollment
1,296
Student:teacher ratio
18.3:1
District
SARASOTA

Walkability

Blended score for SARASOTA's center: EPA's National Walkability Index (street network, transit, land-use mix) combined with nearby-amenity density. 60% EPA National Walkability Index + 40% nearby-amenity density (Google Places).

85
Highly walkable
out of 100
EPA National Walkability Index
16.3 / 20 -- Most walkable
Nearby-amenity density
90 / 100
Restaurants & cafes20
Grocery stores11
Parks13
Schools17
Transit stops20
Pharmacies0

Market position

How this listing compares to current activity in SARASOTA, from live MLS data.

On the market 184 days -- 8 more days than SARASOTA's current average of 176 days.
For reference, the median list price across 4,288 active listings in SARASOTA right now is $345,000.

Mortgage calculator

Estimate only - actual rate and payment depend on your lender, credit, and loan program.

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%
Adjust tax / insurance estimates
% / yr
$
/mo
Est. monthly payment
$806/mo
$21,800 down
$87,200 loan
Principal & interest$566
Property tax (est.)$91
Home insurance (est.)$150

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Data source: Listing information provided by Stellar MLS (mfrmls) via Trestle/CoreLogic. Last updated 15 days ago.

Information herein deemed reliable but not guaranteed; all measurements, school assignments, HOA fees, taxes, and feature lists are approximate and should be independently verified. Equal Housing Opportunity.