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2046 Doctor Martin Luther King Way
Sarasota, FL 34234
Land For Sale
·
4.73 AC
INVESTMENT HIGHLIGHTS
- Located in a federal Opportunity Zone with tax benefits
- Direct access to U.S. Highway 301 and Sarasota-Bradenton Airport
- Positioned in a high-demand healthcare corridor with strong demographics
- Flexible site plan supports multiple medical buildings
- Surrounded by major residential growth and cultural institutions
EXECUTIVE SUMMARY
The flexible site plan accommodates multiple buildings up to 35,000 square feet, making it ideal for a comprehensive medical campus or complementary uses. With robust demographics—over 170,000 residents within five miles and average household incomes approaching $99,000—the property sits in the path of growth amid significant residential development, including Midtown and Gracewater communities. Developers and investors can leverage substantial upside through tax advantages, financial incentives, and the area’s strong demand for healthcare services.
PROPERTY FACTS
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 4.73 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | C - Commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 4.73 AC |
| Opportunity Zone |
Yes |
| Zoning | C - Commercial |
1 LOT AVAILABLE
Lot
| Lot Size | 4.73 AC |
| Lot Size | 4.73 AC |
Prime 4.73-acre parcel in North Sarasota, located within the Newtown Community Redevelopment Area and a federal Opportunity Zone.
DESCRIPTION
Newtown Gateway offers a 4.73-acre development site in North Sarasota, strategically positioned just east of U.S. Highway 301 with direct access to downtown and Sarasota-Bradenton International Airport. Located within a federal Opportunity Zone and the Newtown Community Redevelopment Area, the site provides significant tax incentives and financial benefits for qualified investors. Designed as a premier medical campus, the property features a flexible site plan accommodating multiple buildings up to 35,000 square feet. Surrounded by growing residential communities, cultural institutions, and major thoroughfares, this location presents exceptional potential for healthcare, mixed-use, or institutional development.
PROPERTY TAXES
| Parcel Number | 0043-04-0014 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $399,791 CAD |
