2046 Doctor Martin Luther King Way
Sarasota, FL 34234
Terrain À vendre · 4,73 AC

Positioned at the gateway to Sarasota’s historic Newtown district, this 4.73-acre parcel offers a rare development opportunity within a federally designated Opportunity Zone and the Newtown Community Redevelopment Area. The site is strategically located just north of downtown Sarasota, providing seamless connectivity to U.S. Highway 301/North Washington Boulevard—one of the region’s most traveled corridors—and minutes from Sarasota-Bradenton International Airport. Its proximity to Gulf Coast beaches, Lakewood Ranch, and cultural institutions like Ringling College of Art + Design enhances its appeal for medical, mixed-use, or institutional development.
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.