The owners have been doing this for 35 years I'm told... they decided they are simply done with it. They plan to stay open for a couple more months - selling things off at big discounts.
This is a wonderful store and it's definitely a shame to be losing it. The store is filled to the rafters in old and new books. They also have a hodge podge of various trinkets and whatnot. You can get antique doorknobs here, random golf clubs or old 35mm cameras. It's somewhat of an antique shop, but mostly a book store.
Whether you have been there before or not, you really owe it to yourself to check it out. Even if you don't buy anything, just go. If you have been there before - go take one last look around... tell them you appreciate them.
Walking into the store is like getting hugged by grandma - go hug it back.