801 Mall Rd
Oak Hill, WV 25901
Comfort Inn New River · Hospitality Property For Sale · 42,168 SF

Built in 2003 The Duncan Center has always been well leased to long term legal, corporate, lobbying, state, and federal government tenants. The Property presents THE tier 1 asset in a limited options marketplace with strong economic anchors in the State Capital of Delaware, Kent County Court¬house, State Courts, and Dover Airforce Base. Located in the State Capital’s Federal Opportunity Zone and Downtown Development District the building is situated in the desired growth zone of the City. The US Department of Treasury and IRS describes the program’s benefits as follows, "Qualified Opportunity Zones retain this designation for 10 years. Investors can defer tax on any prior gains until no later than December 31, 2026, so long as the gain is reinvested in a Qualified Opportunity Fund, an investment vehicle organized to make investments in Qualified Opportunity Zones. In addition, if the investor holds the investment in the Opportunity Fund for at least ten years, the investor would be eligible for an increase in its basis equal to the fair market value of the investment on the date that it is sold."Click here for additional information. The Capital of Delaware, Dover is the second-largest city in the state as well as the county seat of Kent County. Founded as a court town for Kent County by William Penn, the capital of the state was moved here in 1777 due to its central location. As the seat of government, a significant portion of the state’s bureaucracy is located here. The Property affords a new owner the value-add opportunity to press rents upward and sign long standing tenant base to new fresh term leases.