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, PNC Bank. 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
  • 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

  • City, county officials to talk baseball at work session

    CUMBERLAND — During today’s Allegany County Commission work session, a proposal to study the possibility of bringing a professional-level baseball team to the area will be vetted again, this time with participants from the city of Cumberland.

    April 17, 2014

  • EversolCody004.jpg Cody Eversole named Kelley Award winner

    KEYSER, W.Va. — Keyser High School senior Cody Eversole was named this year’s J. Edward Kelley Award winner during a ceremony Wednesday morning at Potomac State College.

    April 16, 2014 1 Photo

  • DSC_0464.JPG Cranes set up to remove overturned fuel tanker in Oakland

    OAKLAND — Two large cranes were being set up early Wednesday afternoon in downtown Oakland to remove a fuel tanker that overturned several hours earlier and forced evacuation of the business district.

    April 16, 2014 1 Photo

  • Students support renovation of Southern Middle School

    OAKLAND — Students from both Southern and Northern middle schools presented a list of reasons why Southern Middle needs to be renovated during the Garrett County Commission meeting Tuesday.

    April 16, 2014

  • Oakland business district evacuated after tanker overturns

    OAKLAND — The town of Oakland business district was evacuated Wednesday when a tanker carrying 10,000 gallons of liquid propane overturned at Oak and Third streets at about 9:35 a.m., according to Garrett County officials.

    April 16, 2014

  • Fuel tanker overturned in Oakland; evacuation underway

    OAKLAND — A tanker carrying a load of propane reportedly overturned Wednesday morning in the town of Oakland, forcing an evacuation of the area, according to Garrett County officials.

    April 16, 2014

Raw: Royal Couple Visits Australia Mountains Raw: Pro-Russian Militants Killed on Base Captain of Sunken South Korean Ferry Apologizes Boston Bombing Survivors One Year Later Sister of Slain MIT Officer Reflects on Bombing Raw: Blast at Tennessee Ammunition Plant Kills 1 Hoax Bomb Raises Anxiety in Boston Egypt Clamps Down on Mosques to Control Message After Fukushima, Japan Eyes Solar Power New York Auto Show Highlights Latest in Car Tech Ex-California City Leader Gets 12 Year Sentence Disbanding Muslim Surveillance Draws Praise Hundreds Missing After South Korean Ferry Sinks Passengers Abuzz After Plane Hits Swarm of Bees Town, Victims Remember Texas Blast At Boston Marathon, a Chance to Finally Finish Are School Dress Codes Too Strict?
Facebook
Must Read
House Ads
NDN Video
Grizzly Bears Get Snowy Birthday Party Florida State Ends Top Of the 5th With Bizarre Play vs Jacksonville | ACC Must See Moment Kate Upton Loves Her Body, Every Part Of It Weatherman draws forecast when another technical glitch strikes WGN Elizabeth Olsen's Sexy Shoot Bay Area Teen Gets Prom Date With Help From 'Breaking Bad' Star Boston Bomb Scare Defendant Appears in Court Behind The Tanlines Jersey Strong Part 1 WATCH: Women Fight To Marry Prince Harry! Jenny McCarthy Engaged to "New Kid" Kate and Will Land in Oz O’Reilly Launches Preemptive Strike Against CBS Pixar Unveils Easter Eggs From its Biggest Movies Baby Sloths Squeak for Their Cuddle Partners in Adorable Video Miley Cyrus Hospitalized After Severe Reaction To Medicine Raw: Ferry Sinks Off South Korean Coast Toddler climbs into vending machine 8-year-old Boy Gets His Wish: Fly Like Iron Man Much-Anticipated 'Gone Girl' Trailer Finally Debuts! (VIDEO) Dog and Toddler Wear Matching Outfits in Adorable Photo Series
NDN Video
Grizzly Bears Get Snowy Birthday Party Florida State Ends Top Of the 5th With Bizarre Play vs Jacksonville | ACC Must See Moment Kate Upton Loves Her Body, Every Part Of It Weatherman draws forecast when another technical glitch strikes WGN Elizabeth Olsen's Sexy Shoot Bay Area Teen Gets Prom Date With Help From 'Breaking Bad' Star Boston Bomb Scare Defendant Appears in Court Behind The Tanlines Jersey Strong Part 1 WATCH: Women Fight To Marry Prince Harry! Jenny McCarthy Engaged to "New Kid" Kate and Will Land in Oz O’Reilly Launches Preemptive Strike Against CBS Pixar Unveils Easter Eggs From its Biggest Movies Baby Sloths Squeak for Their Cuddle Partners in Adorable Video Miley Cyrus Hospitalized After Severe Reaction To Medicine Raw: Ferry Sinks Off South Korean Coast Toddler climbs into vending machine 8-year-old Boy Gets His Wish: Fly Like Iron Man Much-Anticipated 'Gone Girl' Trailer Finally Debuts! (VIDEO) Dog and Toddler Wear Matching Outfits in Adorable Photo Series