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$1,200,000 -$100,000 (-7.69%) Price Reduced
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Full Property Details for 540 S Martin Luther King Jr Blvd
General
- Price: $1,200,000
- Taxes: $7,351 (2024)
- Status: Active
- Type: Commercial Multi-Family
- Source: BrightMLSPhilly
- MLS ID: DEKT2039476
- Updated: 1/25/2026
- Added to Site: 194 day(s) ago
Business
- Business Type: Hotel/Motel
Parking
- Total Spaces: 17
- Parking Type: Parking Lot
Location
- Area: Capital (30802)
- County: KENT
- Driving Directions: The property is on the corner of Martin Luther King Blvd and Bay Road.
- City Limits: Yes
Heating & Cooling
- Cooling Type: Other, Window Unit(s)
- Cooling Fuel: Electric
- Heating Type: Other
- Heating Fuel: Other
- Water Heater: Other
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Block
- Building Size: 7976
- Year Built: 1959
- Year Built Source: Assessor
Unit Information
- # Tenants: Single
Lot Features
- Lot Size (Acres): 1.11
- Lot Size (Sq. Ft.): 48,395
- Lot Size Source: Assessor
- Lot Dimensions: 178.00 x 137.00
- Zoning: C4
Financial Considerations
- Price Per Sq. Ft.: $150.45
- Assessment Year: 2024
- School Tax: $6,207
- City/TownTax: $5,111
- City/TownTax Freq: Annually
- County Tax: $734
- County Tax Freq: Annually
- Tax w/Assessment: $1,283,700
- Tax Amount: $7,351
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Lot Number: 4900-000
Listed by R&R Commerical Realty, Larry W Thompson Jr.
Schools serving 540 S Martin Luther King Jr Blvd
| Name | Grades | Distance |
|---|---|---|
South Dover Elementary School 955 South State Street, Dover, DE 19901 | K-4 | 0.8 mi |
William Henry Middle School 65 Carver Road, Dover, DE 19904 | 5-6 | 1.6 mi |
Central Middle School, Dover, DE 211 Delaware Avenue, Dover, DE 19901 | 7-8 | 0.8 mi |
Dover High School One Dover High Drive, Dover, DE 19904 | 9-12 | 3.4 mi |
Price & Sales History for 540 S Martin Luther King Jr Blvd
Estimate the Cost for 540 S Martin Luther King Jr Blvd
540 S Martin Luther King Jr Boulevard, Dover, DE 19901 (MLS# DEKT2039476) is a Commercial Multi-Family property. 540 S Martin Luther King Jr Boulevard is currently listed for $1,200,000 and was received on July 18, 2025. Want to learn more about 540 S Martin Luther King Jr Boulevard? Do you have questions about finding other Commercial Multi-Family real estate for sale in Dover? You can browse all Dover real estate or contact a Coldwell Banker agent to request more information.

