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.