Cumberland Times-News

Latest news

April 30, 2013

No bids on former Oxford House restaurant

CUMBERLAND — A recovery for downtown real estate continues to struggle as no buyers showed up for the auction of the Oxford House property on Tuesday, forcing the PNC Bank to retain ownership by purchasing the property at the minimum bid of $131,000.

Located on the downtown mall at 127-129 Baltimore St., the property, last operated as the Oxford House restaurant, has a Maryland Department of Assessment and Taxation value of $423,200.

Alex Cooper Auctioneer Inc. of Towson conducted the 11:30 a.m. auction, which saw no interested parties in the five-level commercial structure.

Under a power of sale contained in a deed of trust from William and Margareta Miller, with no bidders, the party will remain in the hands of the current owner, PNCā€ˆBank. PNC, headquartered in Pittsburgh, is ranked as the sixth largest bank in the nation in total assets by Barron’s.

With several commercial buildings for sale downtown, the local real estate market seems to be lagging behind the economic recovery slowly taking hold nationally.

The McMullen Building, the former home of GC Murphy’s at the northeast corner of the downtown mall, was also retained at auction by First Peoples Community Federal Credit Union in March at the minimum bid of $500,000.

The McMullen Building has a tax assessment value of $1.4 million.

Downtown area commercial buildings listed on the market include 123 Baltimore St.; 65 Baltimore, known as the Manhattan; 22 Mechanic St., the former site of Kelley’s; 38-46 Mechanic St., which was the former location of the Cumberland Eagles Club; and 19 Frederick St., which most recently housed the Allegany County Human Resources Development Commission.

Greg Larry can be contacted at glarry@times-news.com.

1
Text Only
Latest news
  • Springs, Pa., man missing since Jan. 6

    SPRINGS, Pa. — Pennsylvania State Police are seeking help to find a Springs man missing since Jan. 6.

     

    April 19, 2014

  • Man charged with handgun crime

    Timothy Hart Winkler, 30, Grantsville, was arrested by city officers early Friday after a complainant and a witness said he pulled a handgun during an argument in front of 124 Seymour St.
     

    April 19, 2014

  • Redman.asp.jpeg Moorefield man jailed on felony drug count

    KEYSER, W. Va. — A Moorefield man was arrested on various charges Thursday, including a felony drug offense for possession of amphetamines, according to the Keyser Police Department.

    April 18, 2014 1 Photo

  • City woman charged in domestic call

    CUMBERLAND — A city woman was arrested Thursday evening after Cumberland Police investigated a domestic assault complaint in the 100 block of Pennsylvania Avenue.

    April 18, 2014

  • Carlton.jpg Arrest made in alleged drug deal

    CUMBERLAND — A 25-year-old city man was arrested Thursday night after Cumberland Police observed him allegedly taking part in a drug deal on Columbia Street.

    April 18, 2014 1 Photo

  • Sheriff warns of scams targeting taxpayers

    CUMBERLAND — Allegany County Sheriff Craig Robertson cautioned residents Thursday to be aware of continuing telephone scams that are targeting taxpayers.

    April 17, 2014

  • DSC_0446.JPG Oakland returns to normal after tanker accident

    OAKLAND — Nearly 12 hours after a propane tanker overturned in the heart of its business district, the town of Oakland returned to normal early Wednesday night.

    April 17, 2014 1 Photo

  • New River Gorge bald eagle dies from injuries

    CHARLESTON, W.Va. (AP) — A female bald eagle that nested in the New River Gorge has died from injuries suffered last month when she was hit by a train and later by a vehicle.
     

    April 17, 2014

  • 10 things to know for today

    Your daily look at late-breaking news, upcoming events and the stories that will be talked about today:
     

    April 17, 2014

  • Park Service opens Canal Classrooms Park Service opens Canal Classrooms

    CUMBERLAND – The National Park Service held a ribbon-cutting event Wednesday for a new program called Canal Classrooms, which will offer students pre-K through fifth grade accredited classwork on the Canal Place grounds.

    April 17, 2014 1 Photo

Raw: Greeks Celebrate Easter With "Rocket War" Police Question Captain, Crew on Ferry Disaster Raw: Orthodox Christians Observe Easter Rite Ceremony Marks 19th Anniversary of OKC Bombing Raw: Four French Journalists Freed From Syria Raw: Massive 7.2 Earthquake Rocks Mexico Captain of Sunken SKorean Ferry Arrested Raw: Fire Destroys 3 N.J. Beachfront Homes Raw: Pope Presides Over Good Friday Mass Raw: Space X Launches to Space Station Superheroes Descend on Capitol Mall Man Charged in Kansas City Highway Shootings Obama Awards Navy Football Trophy Anti-semitic Leaflets Posted in Eastern Ukraine Raw: Magnitude-7.2 Earthquake Shakes Mexico City Ceremony at MIT Remembers One of Boston's Finest Raw: Students Hurt in Colo. School Bus Crash Raw: Church Tries for Record With Chalk Jesus Raw: Faithful Celebrate Good Friday Worldwide Deadly Avalanche Sweeps Slopes of Mount Everest
Facebook
Must Read
House Ads
NDN Video
Jabari Parker's Top 5 Plays From Duke Career Kourtney Kardashian Is a Bikini Babe More Manpower Than Ever Expected At 4/20 Rally Debunk'd: Miley Cyrus AIDS, Cheeseburgers Cause Cancer, Military Warning Bill Previewing the NBA playoffs Raw: Orthodox Christians Observe Easter Rite My name is Cocaine Raw: Space X Launches to Space Station Lohan Gets Candid About Her Sex List The 2014 New York Auto Show Meet Johnny Manziel's New Girlfriend Chelsea Clinton Announces Pregnancy Funny: Celebrating Easter with Martha Stewart and Friends Man Accuses 'X-Men' Director Bryan Singer of Sexually Abusing Him As a Teenager Man hit with $525 federal fine after he doesn't pay for soda refill Lea Michele & Naya Rivera Feuding? Jabari Parker declares for the NBA draft Singing Nun Belts Out Cyndi Lauper New West, Texas Explosion Video Swim Daily, Throwback Thursday
NDN Video
Jabari Parker's Top 5 Plays From Duke Career Kourtney Kardashian Is a Bikini Babe More Manpower Than Ever Expected At 4/20 Rally Debunk'd: Miley Cyrus AIDS, Cheeseburgers Cause Cancer, Military Warning Bill Previewing the NBA playoffs Raw: Orthodox Christians Observe Easter Rite My name is Cocaine Raw: Space X Launches to Space Station Lohan Gets Candid About Her Sex List The 2014 New York Auto Show Meet Johnny Manziel's New Girlfriend Chelsea Clinton Announces Pregnancy Funny: Celebrating Easter with Martha Stewart and Friends Man Accuses 'X-Men' Director Bryan Singer of Sexually Abusing Him As a Teenager Man hit with $525 federal fine after he doesn't pay for soda refill Lea Michele & Naya Rivera Feuding? Jabari Parker declares for the NBA draft Singing Nun Belts Out Cyndi Lauper New West, Texas Explosion Video Swim Daily, Throwback Thursday