Property Description

Prime development Parcel in the Newtown Area – Sarasota, FL.
Strategically located within the heart of the Newtown, this 9,728 sq ft parcel on Dr. Martin Luther King Jr. Way presents a high-impact opportunity for forward-thinking development in one of Sarasota’s most historically significant and economically revitalizing neighborhoods.

Zoned CBN (Commercial Business Newtown), this property supports a wide range of uses—including mixed-use, retail, live/work, multifamily, and community-serving enterprises—all designed to align with the Newtown Community Redevelopment Plan. The lot sits along a prominent commercial corridor with direct access to US-301, downtown Sarasota, and public transit routes, making it ideal for projects that seek to activate and engage the local economy.

Situated on a visible corner in the Newtown 1st Addition subdivision, and surrounded by local businesses, civic centers, and ongoing public-private initiatives, this site is primed for investment that contributes to both economic growth and community enrichment.

City water, sewer, and utilities are available nearby. Parcel includes Lot 1, Block 15, and the adjacent east ½ of Palmadelia Ave, offering flexible site planning options.

Invest in a future-focused location where revitalization, innovation, and community impact come together.

Buyer to verify all zoning, development options, and utility access with the City of Sarasota.

Features
: Public Sewer
: Electricity Available, Cable Available, Water Available, BB/HS Internet Available, Sewer Available
Address Map
US
FL
Sarasota
Sarasota
34234
DR MARTIN LUTHER KING JR
WAY
Start on US-41 (Tamiami Trail) heading toward downtown Sarasota. Turn east onto Dr. Martin Luther King Jr. Way (also labeled as MLK Jr. Way). If you're coming from the north, you’ll turn left. If you're coming from the south, you’ll turn right. Continue east on Dr. Martin Luther King Jr. Way for approximately 1.5 miles. The property is located near the intersection with 27th Street and Palmadelia Avenue, within the Newtown Redevelopment Area.
34234 - Sarasota
CBN
Neighborhood
Brentwood Elementary
Riverview High
McIntosh Middle
Additional Information
COMPASS FLORIDA LLC
Renne' Rupp, PLLC
$0
Financial
434
Listing Information
281525877
274501900
Cash
Active
2025-07-11T18:57:10Z
Stellar
: None
2025-07-10T20:15:16Z
01-01-1970

Land For Sale

Dr Martin Luther King Jr Way, Sarasota, Florida 34234

0.22 Acre
$125,000
Listing ID #A4657664
Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : A4657664
Price : $125,000
Lot Area : 0.22 Acre
Listing Status : Active
Agent info
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