$215,000
2154 Dr Martin Luther King Jr Way Sarasota, FL 34234
For Sale MLS# A4682128
Other
Details for 2154 Dr Martin Luther King Jr Way
MLS# A4682128
Description for 2154 Dr Martin Luther King Jr Way, Sarasota, FL, 34234
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 developers seeking to create income producing housing in a high demand area. Enjoy unbeatable proximity to Sarasota’s top destinations…..Five minutes to Downtown Sarasota….. Ten to twelve minutes to Lido Beach…..Fifteen minutes to Siesta Key…..Quick access to shopping, dining, cultural venues, and major roadways Whether your vision includes boutique multifamily residences, long/short term rentals, or modern townhomes, this site delivers the location, zoning, and scale to bring that vision to life. Opportunities of this caliber, so close to downtown, beaches, and Sarasota’s premier attractions, are increasingly rare!!
Listing Information
Property Type: Land
Status: Active
Lot Size: 0.50 Acres
Subdivision: Humphreys Sub
Current Use: Multi-Family
County: Sarasota
Utilities
Water: Public
Sewer: Public Sewer
Other Utilities: Municipal Utilities
Exterior / Lot Features
Lot Dimensions: 188x121
Driving Directions
Going north from downtown Sarasota turn right on Dr MLK Jr Way. Drive over the RR Tracks. Property will be on the right.
Financial Considerations
Tax/Property ID: 0043040010
Tax Amount: 1446.58
Tax Year: 2025
A broker reciprocity listing courtesy: WHITE SANDS REALTY GROUP FL
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 2154 Dr Martin Luther King Jr Way
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 2154 Dr Martin Luther King Jr Way
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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