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Orleans Parish School Board

727 Carondelet Street New Orleans, LA 70130

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Overview

Originally built in 1937 for use as L. E. Rabouin Vocational High School, the property contains 57,732 SF, in a three (3)-story, historic building situated on a ± 1.34 acre, rectangular shaped, interior parcel. The 1st floor has 21,712 SF; 2nd floor has 18,010 SF; the 3rd floor has 18,010 SF. The basement has 5,688 SF and is not included in total SF.

The 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. The sale is subject to a use agreement for a ±6,500 SF (±46’ x 141’) rectangular shaped portion of the site fronting Baronne Street currently utilized by the Downtown Development District (DDD) as a pocket park known as the “Legacy Park”.

Supporting Documents attached include the Auction Terms and Conditions, Agreement for the Purchase and Sale of Real Estate, Inspection Waiver & Indemnification Agreement, and the Property Appraisal. The attached brochure also includes links to aerial photos, a drone tour (https://vimeo.com/1062548591), and an interior virtual tour.

The property will be sold at a public auction in accordance with the Terms and Conditions of Sale (https://opsbauction.com/). The auction shall be conducted at 11:00 AM, Wednesday, October 8, 2025, at the OPSB Headquarters, 2401 Westbend Parkway, New Orleans, Louisiana 70114. OPSB reserves the right to withdraw any property at any time.

The Orleans Parish School Board cannot impose a minimum bid amount at a third auction offering. It may, however, reject insufficient offers and is not required to accept the highest bid at the third offering. The method of sale does not limit the school board’s discretion at the third offering, and it may choose to withdraw the property and not offer it a third time. The winning bidder must close on or before sixty (60) days from the auction date.

The property is available to tour on Wednesday, October 1st - 1:00pm - 2:00pm

For Sale

Other

Secondary Uses: School

Sale Price
$5,250,000
Price Per SF
$90.9/SF
Building Size
57,732 SF
Acres
1.34 ac
Zoning
CBD-5
Number of Buildings
1
Floors
3
Year Built
1937
Submarket
Uptown-Garden District
Property Status
Existing
In Opportunity Zone
Yes
County
Orleans Parish
Created
2025-03-14
Updated
2025-09-29
Listing ID
2eb6544b
Parcel APN
103104613