Dover Garden Suites
For Sale
$895,000
540 S MARTIN LUTHER KING JR Blvd, Dover, DE 19901
Nine-unit hotel with development potential in Dover, Delaware.
Property SizeContact for details
Lot Size1.11 Acres
Days on Market154
Property Features for 540 S MARTIN LUTHER KING JR Blvd
General Information
Standard status
Active
Lot size
1.11 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$7,351
Building Details
Year Built
1959
Units
5
Listing Agency:
R&R Commercial Realty
(302) 270-1186
Listed By:
Larry W Thompson Jr. · License #RS-0018781
(302) 270-1186
Source:
Elliman
Added: Mar 11
Changed: Aug 8
Last Checked: Aug 8 at 12:43PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of R&R Commercial Realty
Investment Insights
Based on property information with market context.
Dover Garden Suites, a nine-unit hotel, is available for sale. The property includes an owner's suite located on the second floor. The building is fully sprinklered and includes a riser room. The generously sized rooms feature a full and a half bath, as well as a washer. Historically, the hotel has catered to weekly rentals. There is a large balance of land that could potentially be utilized for future development, pending investigation by the purchaser.
Key Highlights
- Nine‑unit hotel featuring an owner's suite.
- Significant land available for potential future development.
- Fully sprinklered building with a riser room.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,362
Businesses Nearby
Explore this area
Business Placement
Demographics for 19901, DE
36,839
Population
15,443
Households
2.4
Avg Household Size
34
Median Age
27%
College-Educated
89%
High-School Grad
75.8 sq mi
ZIP Area
486
Density / Sq Mi
$63,891
Median Household Income
$33,069
Median Earnings
$1,353
Median Rent
$258,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Nine-unit hotel with development potential in Dover, Delaware.
Where is this hotel located?
The property is located at 540 S MARTIN LUTHER KING JR Blvd Dover, DE.
What is the asking price?
The asking price for this property is $895,000.
What are key features of this property?
This property features: Nine‑unit hotel featuring an owner's suite.; Significant land available for potential future development.; Fully sprinklered building with a riser room.
