Old Post Office back on the market

FAYETTEVILLE — The old post office building in the center of the downtown square is back on the market.

Mark Risk, listing agent for the 101-year-old building, said Tuesday the property is no longer under contract. Risk declined to identify the private buyer who was interested in the property or how the old post office would have been used.

He said the roughly 5,600-square-foot space would have fit the buyer’s needs, and the buyer had the money to purchase it.

“He couldn’t get the legal rights for what he wanted to do,” Risk said.

According to him, the buyer had been under contract with building owner Ron Bumpass since November and had until March to close on the deal. Bumpass’ family has owned the old post office building since 1976. It is held in trust in his name.

Risk said the buyer’s offer was less than the $1.5 million Bumpass asked for when the property was listed in August and less than the $1.3 million it is being advertised for now.

“The owners are very motivated to sell,” Risk said. “They’re going to entertain any reasonable offer.”

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