The City of Dover is considering the purchase of the Duncan Building on Loockerman Street, WBOC-TV reported.
The LoopNet commercial real estate commercial site lists the building as being on the selling block. The mid-rise is listed as the tallest building in the capital city. The site reported an auction had been slated for May with a starting bid of $3 million.
WBOC reported the city is looking for a way to relocate current offices. Current city office space is said to be in need of upgrades. The building could also offer cash flow from tenants.
“Built in 2003 The Duncan Center “has always been well leased to long term legal, corporate, lobbying, state, and federal government tenants,” the LoopNet listing reported. The building is the home of offices for both Delaware U.S. Sens. Chris Coons and Tom Carper.
The building comes with a large surface parking lot.
The building is named after a Dover developer and former gas station chain owner.
Rick Kingery of Colliers, Wilmington, listing agent for the property declined to comment.
