540 S Martin Luther King Jr Boulevard Dover, DE ^$ 1,300,000

540 S Martin Luther King Jr Boulevard

^$ 1,300,000

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540 S Martin Luther King Jr Boulevard

Dover, DE, 19901

^$ 1,300,000

Bedrooms-- Baths-- Sq 7,976

Monthly Estimate*

^$ 8,110

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Commercial Property for sale in Dover, DE

for $1,300,000. This 7,976 square foot building was built in 1959 on a lot size of 1.11.

Dover Garden Suites is available for sale! This 9 unit Hotel including an "owners suite" on the 2nd floor is fully sprinklered with a riser room in building. The rooms are generously sized with most having a fully and 1/2 bath as well as a washer. Historically the Hotel has catered to weekly rentals. There is also a very large balance of land that could potentially be utilized for future development. This would need to be investigated by the Purchaser. Schedule your tour today because this won't last long.

Commercial Active

Price

^$ 1,300,000

Property Type

Commercial

Taxes

^$ 7,351

Style

Hotel/Motel

Lot Size

1.11

Year Built

1959

Town/City

Dover

County/Region

Kent

MLS | Web ID

DEKT2039476

Features

Interior

Heating Fuel Other

Hot Water Other

Heating Y/N Y

Central Air Y/N N

General

Sewer Public Sewer

Heating Other

Cooling Other Window Unit(s)

Possession Immediate

Zoning C4

Construction Materials Block

Year Built 1959

Property Subtype Five Or More Units

Tax Year 2024

Ownership Fee Simple

Cool Fuel Electric

Business Type Hotel/Motel

Accessibility Other

County KENT

New Construction N

Property Type Commercial Sale

Water Access Y/N N

Status ACTIVE

Directions The property is on the corner of Martin Luther King Blvd and Bay Road.

City DOVER

Number Of Units Total 5

MLS Area Capital (30802)

Lot Size Units Square Feet

Lot Size Square Feet 48395.00

Tax Annual Amount 7351.0

Price Per Sq Ft Total AG 162.99

Acceptable Financing Cash Conventional

Vacation Rental Y/N N

Standard Status Active

Year Built Source Assessor

Legal Subdivision BAY ROAD ADDITION

Tax Lot 4900-000

Exterior

Water Source Public

Type of Parking Parking Lot

Water View Y/N N

Building Area Total 7976.00

Lot Dimensions 178.00 x 137.00

Lot Size Acres 1.11

Lot Size Source Assessor

Waterfront Y/N N

Land Assessed Value 516700.00

Navigable Water Y/N N

Water Oriented Y/N N

Internal Only

Street Number 1 540

* Excluded Features

List By

R&R Commerical Realty

Broker

lthomp3682@gmail.com

Affordability Calculator

$8,723

Per Month

Monthly Principal & Interest: $8,110
Monthly Property Taxes: $613
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Dover, DE

Average List Price ^$951,197

Percent of Sale Price 27%

About Dover, DE

37,976 Population

15% Since 2002

^$48,831 Median Income

33.68 Median Age

26% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

2136830 Elementary School

2137124 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
7/18/2025	$1,300,000		Listed Price

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540 S Martin Luther King Jr Boulevard, Dover, DE, 19901 is a Commercial Property for sale at $1,300,000 with 7,976 sqft and a lot size of 1.11. 540 S Martin Luther King Jr Boulevard was built in 1959. The property's zip code is 19901 which is in Dover, DE

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BrightMLS Broker Reciprocity^SM program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which Weichert, Realtors® participates, and is provided by BrightMLS through a licensing agreement.

Real estate listings held by brokerage firms other than Weichert, Realtors® are marked with the Broker Reciprocity icon (a little black house) and detailed information about each listing includes the name of the listing broker.

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540 S Martin Luther King Jr Boulevard

Commercial Property for sale in Dover, DE

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