Address: 2154 Dr Martin Luther King Jr Way, SARASOTA, FL 34234
Description
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 citys 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 Sarasotas 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 Sarasotas premier attractions, are increasingly rare!!
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 citys 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 Sarasotas 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 Sarasotas premier attractions, are increasingly rare!!
Features
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Eco-Communities
Water Source: Public
Utilities
Carport Spaces: 0.00
Sewer: Public Sewer
Utilities: Public
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Tax Year: 2025
Other Features
Country: US
Current Use: Multi Family
Legal Description: LOT 1, HUMPHREYS SUB, LESS W 191 FT THEREOF & LESS S 125 FT THEREOF LESS TRACT IN OR 987/1452 TO WHITEHEAD, ALSO LESS A STRIP OF LAND DESC IN THE AGREED FINAL JUDGMENT OF COMPROMISE AND
Motivated Seller! A rare find in Sarasotathis oversized homesite offers a unique opportunity to build your dream home, tucked away on a quiet street with no through traffic in the City of Sarasota. Wi
Build your dream home on this large corner lot in central Sarasota, just minutes from downtown, world class dining, arts, and Sarasotas beautiful beaches. Zoned RSF 4 with public water, sewer, and ele
.54 ACRE Don't miss this rare opportunity to own a spacious ~23,731 sq ft corner lot in a highly desirable location! Zoned RMF 2. A previous home once occupied the site and has since been removed, off
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