L.E. Rabouin School

Description:

New lower minimum bid $4,600,000

LIVE AUCTION - June 24th - 11:00 AM

Registration Begins at 10:00 AM

Location: Orleans Parish School Board Headquarters
2401 Westbend Parkway, New Orleans, LA 70114
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, Rampart 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.