Tour
#S5116755, Dorothy Reid, Listing office: LPT REALTY, LLC
Property details
About Dr Martin Luther King Jr Way
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.
Highlights
Home typeOther
StatusActive
Lot size0.22 Acres
MLS #A4657664
Virtual tour
Summary
- List Price: $125,000
- HOA Amount: $0
- Directions: 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.
- Lot Size: 0.22 Acres
- MLS Number: A4657664
- MLS Name: MFRMLS
- Office Name: COMPASS FLORIDA LLC
- Listing Agent: Renne' Rupp, PLLC
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Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
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Last updated on: 7/23/2025, 11:34:36 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 12, 2021 | Home Sold | $246,000 |
| Jan 11, 2021 | Home Sold | $55,000 |
| Jan 11, 2021 | Home Sold | $99,999 |
| Mar 09, 2020 | Home Sold | $375,000 |
| Mar 09, 2020 | Home Sold | $375,000 |
| Mar 09, 2020 | Home Sold | $375,000 |
| Jul 10, 2018 | Home Sold | $140,000 |
| Feb 15, 2013 | Home Sold | $20,000 |
| Oct 03, 2006 | Home Sold | $500,000 |
| Aug 08, 2006 | Home Sold | $200,000 |
Tax history
We're sorry, we currently don't have tax history data for this listing.
History based on county public records data.
Nearby schools
7
Bay Haven School of Basics Plus
Public Magnet KG-5
0.5 mi
•2901 W Tamiami Cir
4
Emma E. Booker Elementary School
Public District PK-5
1.3 mi
•2350 Dr Martin Luther King Way
4
Tuttle Elementary School
Public District PK-5
2.2 mi
•2863 8th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $28,467. Typical income of Sarasota, FL residents is less than $<35k annually. Residents typically live in single, no kids family. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
63%
<35k
30%
35k-100k
7%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
44%
Single, No Kids
37%
Single, with Kids
11%
Married, No Kids
8%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
22%
<11 yrs old
10%
12-17 yrs old
30%
18-34 yrs old
29%
35-64 yrs old
9%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing- UFC
NHRA Drag Racing
Where do the neighbors shop?
Burlington
Family Dollar
Big Lots
Where do the neighbors go to eat?
Popeyes
Burger King
Golden Corral
What do the neighbors drive?
Dodge
Buick
Kia
What do the neighbors listen to?
Urban Contemporary
Adult Standards
Jazz
All data provided by Home Junction and Claritas
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Frequently asked questions
About Dr Martin Luther King Jr Way
The listing price of Dr Martin Luther King Jr Way property is $125,000.
The property Dr Martin Luther King Jr Way is land located in Sarasota, Florida, 34234.
Active Listing: Dr Martin Luther King Jr Way is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for Dr Martin Luther King Jr Way are: Bay Haven School of Basics Plus (GreatSchools Rating 7/10), Emma E. Booker Elementary School (GreatSchools Rating 4/10), Tuttle Elementary School (GreatSchools Rating 4/10), Sarasota School of Arts/Sciences (GreatSchools Rating 8/10), Booker Middle School (GreatSchools Rating 3/10), Suncoast School for Innovative Studies (GreatSchools Rating 5/10), Booker High School (GreatSchools Rating 3/10), Sarasota Military Academy (GreatSchools Rating 5/10), Sarasota High School (GreatSchools Rating 4/10).
The last sale was on January 12, 2021 for $246,000 (source: MLS/tax record).
The property Dr Martin Luther King Jr Way is 0.22 acres.
This home is located at Dr Martin Luther King Jr Way in Sarasota, FL and zip code 34234 in the Central Cocoanut neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since July 10, 2025 and is currently priced at $125,000.
Over 23 listings were sold over their listed price in June 2025 in Sarasota, FL. In the same period over 364 listings were sold below the listed price and 51 listings were sold for the listed price. The inventory of homes for sale in Sarasota, FL between May and June 2025 decreased by 2%. In June 2025, listings were on the market for 72 days. During the same period, the median list price in this real estate market was $495,118.
From Rocket Homes Real Estate and based on county public records data.