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2154 Dr Martin Luther King Jr Way
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PRICED AT ONLY: $215,000

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!!
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  • MLS#: A4682128 ( Land )
  • Street Address: 2154 Dr Martin Luther King Jr Way
  • Viewed: 12
  • Price: $215,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: Not Available
  • Bldg sqft: 0
  • Days On Market: 19
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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
  • Area Major: 34234 - Sarasota
  • Parcel Number: 0043040010
  • Views: 12
  • Zoning Code: RMF2
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