540 S MARTIN LUTHER KING JR BLVD new to site

Dover,DE 19901

$ 1300000

- Bed

- Bath

6400 SqFt


Key Details

Property Type Commercial

Sub Type Five Or More Units

Listing Status Active

Purchase Type For Sale

Square Footage 6,400 sqft

Price per Sqft $203

MLS Listing ID DEKT2039476

Year Built 1959

Annual Tax Amount $7,351

Tax Year 2024

Lot Size 1.111 Acres

Acres 1.11

Lot Dimensions 178.00 x 137.00

Property Sub-Type Five Or More Units

Source BRIGHT

Property Description

Dover Garden Suites is available for sale! This 10 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.

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Location

State DE

County Kent

Area Capital (30802)

Zoning C4

Interior

Hot Water Other

Heating Other

Cooling Other,Window Unit(s)

Heat Source Other

Exterior

Garage Spaces 17.0

Water Access N

Accessibility Other

Total Parking Spaces 17

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Capital

Others

Tax ID ED-05-07710-01-4900-000

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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