Red & White Market, located on 510 Vista Way in Oceanside, is officially closed.

After closing its doors to the public late September, the building that housed Red & White Market on South Oceanside was sold by Red & White Properties for nearly $2.5 million early November. The buyer was not disclosed.

Anthony C. Spano, owner with brother Damian Spano, told the San Diego Business Journal the family decided to sell for a number of reasons, including Anthony Spano reaching retirement age (Spano recently turned 65), as well as no current family member willing to take over the business.

Red & White Market was founded in 1959 by Spano’s grandfather, Joseph Spano, who was running a wholesale produce company in the early 1950s and wanted to expand to retail outlets. His first store was in downtown Carlsbad, the second on Vista Way and the third was on North Coast Highway.

The last remaining Red & White Market location is at 700 North Coast Highway, said Spano, adding that it is owned by his 88-year-old uncle, Anthony V. Spano, and run on a daily basis by his cousins, Gina Spano-Shank and Pam Spano-Deneke.

Travel & Hospitality reporter Mariel Concepcion can be reached at mconcepcion@sdbj.com or 858-634-4625.