540 S MARTIN LUTHER KING JR Blvd, Dover, DE 19901

Building Details

Year Built 1959 More

Units 5 More

Listing Agency: LESTER REALTY INC.

Listed By: Larry W Thompson Jr. · License DE RS-0023303 Show Phone

Source: Elliman

Added: Mar 11 Changed: Aug 11 Last Checked: Aug 19 at 11:49AM

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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

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Hotels

Suggested Use

Top Pick Storage Facility Dental Office HVAC Service Veterinary Clinic Plumbing Service Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

797

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

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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.