There were no offers at all for the City Market property in downtown Rome at Tuesday’s bank ordered auction sale of the building at 238 Broad St. “We didn’t really expect anybody to buy in,” said David Johnson at United Community Bank in Rome.

Attorney Karen Nissen from Cedartown, representing UCB, read the foreclosure notice on the steps of the courthouse just after 1 p.m. Tuesday afternoon, but there were no bidders present.

Foreclosure sales can take place anytime between 10 a.m. and 4 p.m. on the first Tuesday of each month.

Bids for the upscale multi-use property were set to start at $850,000. The original note on the property was $907,263.73. Johnson could not disclose the amount actually owed by 238 Broad Partners, led by Walt Adams. “We usually try to bid in at a fair market price,” Johnson said.

Nissen said that UCB also took back property along Big Cedar Creek near Cave Spring. Cedar Creek Development received a $3.1 million loan for development of the property in both Floyd and Polk counties back in November of 2006.

Several large tracts in the area of Kings Bridge Rd. and Big Cedar Creek which had been eyed for residential development prior to the recession and collapse of the housing market had been eyed for large lot subdivision by the Johns Creek based company.