REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 215,000
Est. payment /mo
Pending
2154 DR MARTIN LUTHER KING JR WAY Sarasota, FL 34234
0.5 Acres Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Subdivision Humphreys Sub
MLS Listing ID A4682128
HOA Y/N No
Annual Tax Amount $1,446
Lot Size 0.500 Acres
Acres 0.5
Lot Dimensions 188x121
Property Sub-Type Multi Family
Source Stellar MLS
Property Description
Under contract-accepting backup offers. 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!!
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!!
Location
State FL
County Sarasota
Community Humphreys Sub
Area 34234 - Sarasota
Zoning RMF2
Exterior
Utilities Available Public
Building
Lot Size Range 1/2 to less than 1
Sewer Public Sewer
Water Public
Others
Ownership Fee Simple
Special Listing Condition None
Virtual Tour https://www.propertypanorama.com/instaview/stellar/A4682128
© 2026 My Florida Regional MLS DBA Stellar MLS. All Rights Reserved.
Listed by Brian Gibson WHITE SANDS REALTY GROUP FL
NEARBY SCHOOLS & PROPERTIES
GET MORE INFORMATION