Orleans Parish School Board

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, Tuesday, June 24, 2025, at the OPSB Headquarters, 2401 Westbend Parkway, New Orleans, Louisiana 70114. OPSB reserves the right to withdraw any property at any time. The minimum bid is 85% of the appraised value (Offering Price). Only the minimum bid or above will be accepted by the auctioneer. The winning bidder must close on or before sixty (60) days from the auction date. The property is available for tours on: Friday, June 6th - 1:00pm - 2:00pm Friday, June 20th - 1:00pm - 2:00pm 727 Carondelet Street is bounded by Carondelet, Baronne, Girod and Julia Streets in the Lower Central Business District (CBD) / 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.