The Oklahoma City School Board approved an offer to sell the old John Marshall High School for $400,000 at its meeting Monday night.
Premier Assets Inc. hopes to have the school rezoned as duplexes, said Terry Wolfe, senior facilities officer for the district.
The old John Marshall High School, 9017 N University, was built in 1945, Chief Operations Officer Jim Burkey. The property includes the 240,000-square-foot facility and 20 acres of land.
The company has 120 days to handle rezoning and other issues or it can withdraw the offer.
Two previous offers to buy the building haven't panned out, Burkey said.
“With our experience, there doesn't seem to be a big market for it — big buildings in a residential neighborhood,” he said. “It's like any other piece of property. Its location has a lot to do with it.”