L.E. Rabouin School

Description

LIVE AUCTION - APRIL 30th - 11:00 AM

Registration Begins at 10:00 AM

Auction Tour Dates: Tuesday, April 8th & Tuesday April 15th - 1:00 PM - 2:00 PM

Location: Orleans Parish School Board Headquarters

2401 Westbend Parkway, New Orleans, LA 70114

Property Highlights:
Orleans Parish School Board Site
Originally built in 1937 for use as L. E. Rabouin Vocational High School
± 57,732 SF, three-story, historic building situated on a ± 1.34 acre, rectangular shaped, interior parcel
1st floor: 21,712 SF; 2nd floor: 18,010 SF; 3rd floor: 18,010 SF; basement: 5,688 SF (not included in SF)
The subject property is zoned CBD-5, Urban Core Downtown Neighborhood Lower Intensity Mixed-Use District, and is also situated within a Mandatory Inclusionary Zoning (MIZ) Sub-District.
Sale is subject to a ±6,500 SF (±46’ x 141’) rectangular shaped portion of the site fronting Baronne Street currently utilized by the Downtown Development District as a pocket park known as the “Legacy Park”.
Appraisal Price: $6,000,000
Minimum Bid: $5,100,000
This asset will be sold at or above the minimum bid price.
Cashiers Check deposit required to bid: $50,000
The OPSB reserves the right to withdraw any property from the event at any time.
In cooperation with Paul Richard and Mignon Richard Diaz, Latter & Blum Commercial

727 Carondelet Street is bounded by Carondelet, Baronne, Girod and Julia Streets in the Lower Central Business District (CBD) and the Lafayette Square/Warehouse District. Mid-way between Poydras Street and the Pontchartrain Expressway/Business 90, the site is within walking distance to the Superdome, Convention Center, National World War II Museum, French Quarter, among other high-trafficked destinations.