For sale
Hotels
DE
Dover
19901
540 S Martin Luther King Jr Boulevard

Sprinklered 9-Unit Hotel

540 S Martin Luther King Jr Boulevard, Dover, DE 19901

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For Sale

$975,000

Nine-unit hotel with an owners suite and in-building sprinkler system, suited to investors or hospitality operators.

Type:Multi-Family

Property size:

7,976 SF

Price / SF:

$122/SF

HighLights

9‑unit hotel includes an owners suite on the 2nd floor
In‑building fire protection: fully sprinklered system with a riser room in the building
Rooms feature window air conditioning and in‑unit washers (most rooms include full or half baths and a washer)
Heating/cooling noted as window air conditioning and A/C - Other, with heating listed as '3'
Land dimensions are 178.00 x 137.00, with zoning C4
Parking available on the lot

We can help!

Listing Contact

Larry Thompson

Learn more

For Sale

$975,000

Nine-unit hotel with an owners suite and in-building sprinkler system, suited to investors or hospitality operators.

Type:Multi-Family

Property size:

7,976 SF

Price / SF:

$122/SF

Added:: Jun 12, 2025
Days on Market:: 375
Last Refresh:: Jun 15 at 2:10 am

Property Features for 540 S Martin Luther King Jr Boulevard

General Information

Standard status: Active
Size: 7,976 SF
Property subtype: Multi-Family

Building Details

Year Built: 1959

We can help!

Listing Contact

Larry Thompson

Listing agent Larry Thompson License #R3-0018781

Listing office R&R Commerical Realty

Listing date Jun 12, 2025

Source Xome

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All listing content including descriptions, pricing, images are the copyrighted material of R&R Commerical Realty

HighLights

9‑unit hotel includes an owners suite on the 2nd floor
In‑building fire protection: fully sprinklered system with a riser room in the building
Rooms feature window air conditioning and in‑unit washers (most rooms include full or half baths and a washer)
Heating/cooling noted as window air conditioning and A/C - Other, with heating listed as '3'
Land dimensions are 178.00 x 137.00, with zoning C4
Parking available on the lot

Overview

Dover Garden Suites is a 9-unit hotel property offered for sale, including an owners suite on the second floor. The building is fully sprinklered, with a riser room located within the property. Guest accommodations are described as generously sized, with most rooms including a full and half bath and a washer. The property has historically catered to weekly rentals, providing a hospitality setup aligned with longer-stay operations.

The hotel is located at 540 S Martin Luther King Jr Boulevard in Dover, Delaware. The offering also includes a very large balance of land that may support future development ideas, subject to investigation and approvals by the purchaser.

For tenants, buyers, or operators seeking a small multi-unit hospitality platform, this configuration supports structured guest use across multiple rooms and includes a dedicated owners suite. The fully sprinklered design and existing interior room layouts may reduce upfront complexity for continued hotel operations, while the additional land provides a potential planning avenue for those evaluating long-term property strategy.

Location Intelligence

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Local Demand

City: Dover
County: Kent
State: Delaware
Longitude: -75.5108509
Latitude: 39.1572018

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For sale
Hotels
DE
Dover
19901
540 S Martin Luther King Jr Boulevard

What type of property is this?

Hotel - Nine-unit hotel with an owners suite and in-building sprinkler system, suited to investors or hospitality operators.

Where is this hotel located?

The property is located at 540 S Martin Luther King Jr Boulevard Dover, DE.

What is the asking price?

The asking price for this property is $975,000.

What are key features of this property?

This property features: 9‑unit hotel includes an owners suite on the 2nd floor; In‑building fire protection: fully sprinklered system with a riser room in the building; Rooms feature window air conditioning and in‑unit washers (most rooms include full or half baths and a washer)