2154 Dr Martin Luther King Jr Way, Sarasota, FL 34234

Local realty services provided by:ERA Grizzard Real Estate
2154 Dr Martin Luther King Jr Way,Sarasota, FL 34234
$215,000
Virtual Tour
  • 0.5 Acres
  • Lots / Land
  • Active
Listed by: brian gibson
Office: white sands realty group fl
MLS#:A4682128
Source:MFRMLS

Price summary

  • Price:$215,000

About this home

Prime Development Opportunity in Sarasota. RMF 2 Multifamily Lot Near Downtown and World-Famous Beaches Discover an exceptional investment and development opportunity in the heart of Sarasota. This nearly half acre parcel (0.496 acres / 21,590 sq ft) is a vacant residential lot positioned directly beside an additional 1.28-acre parcel also for sale. Together, these properties create a rare chance to assemble a sizable multifamily development site in one of the city’s fastest growing corridors. The 0.496 acre lot offers RMF 2 zoning with the ability to build up to four multifamily units. The neighboring 1.28 acre parcel is also zoned RMF 2 and allows for up to eleven multifamily dwellings. Combined, the two parcels provide the opportunity to develop up to 15 units! An exceptional offering this close to Downtown Sarasota. Located within the Humphreys Subdivision and designated as Residential Multi Family RMF 2, the site provides outstanding flexibility for builders, investors, and

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Home facts

  • Listing ID #:A4682128
  • Added:9 day(s) ago
  • Updated:February 22, 2026 at 01:09 PM

Structure and exterior

  • Lot area:0.5 Acres

Utilities

  • Water:Public
  • Sewer:Public, Public Sewer

Finances and disclosures

  • Price:$215,000
  • Tax amount:$1,447 (2025)
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