After 224 Years in Business America's Oldest Store Is Saying Goodbye.

The 224-year-old business may be the oldest operating general store in America, although others have staked similar claims. The Rhode Island store near the Massachusetts line opened in 1788. Now owners say this year is its last.

Gray's is set to close Sunday afternoon.

Owner Jonah Waite inherited the shop after his father died of cancer last month. He said Saturday it was a hard decision to close the store and leave behind all the history, but the shop's finances aren't sustainable and a supermarket down the street has siphoned away business.

Waite, 21, who will be a senior at the University of Hartford in Connecticut in the fall, also is consumed with pursuing a career in sports journalism.

"Obviously, I understand the historical aspect of it, and I would really love to keep it the way it is, but it doesn't seem to me that that's the most feasible option," Waite said. "With the economy ... the place has lost its attraction, lost its luster."

Waite said he's not sure yet if he will keep the property or try to sell it.

The shop features general store standards like penny candy and a small selection of groceries, as well as antiques and collectible knickknacks. It's been in Waite's family for seven generations, since 1879, and comprises the front part of the family's home.

He said his father, Grayton Waite, who was 59 when he died June 11, enjoyed selling cigars and candy. His great grandfather owned the store in the early 1900s and ran a gristmill to make his own corn meal that he sold in the store.

In 2007, U.S. Sen. Jack Reed and then-Gov. Donald Carcieri issued proclamations naming Gray's as the oldest continuously run general store in the country.

More customers than usual have been gathering at Gray's in recent days to say farewell and share memories, Waite said.

Bob Wordell, a mechanic down the street, remembers gathering at the store in the summer with his friends when he was a child years ago.

"We'd eat freeze pops on the front steps," Wordell told The Providence Journal. "I think they cost a nickel."

Waite said it's been hard dealing with the store and coping with his father's death at such a young age. But he believes his father would support what he's doing. He said his father intended to sell the property after he got sick to pay medical bills and retire.

"He's trusting that I'll do the right thing and what's best for me," Waite said.