The Austintown Local School District has rescinded $2.5 million purchase of the former Austintown Middle School building.
LRC Realty, a real estate developing company that previously said they planned to demolish the building and build commercial space, canceled the sale, school officials said.
School officials said they have other offers for the property.
The school went up for sale at an auction in September 2010 with a $2 million starting price but no one bid on the property. The property was deemed safe before the bid after soil contamination issues. The building still has asbestos inside.
The school was built as the township high school in 1916. It became the middle school until 2007 when students were relocated to the new location on Raccoon Road.