The School District of Indian River County is looking to put around 10 properties on the market for potential buyers. The properties are spread across the county and include four older schools, older office buildings, and district-owned land, according to William Dodds, CFO of the School District of Indian River County.
Dodds said the properties are no longer necessary after the district consolidated multiple schools. The district is gauging interest from potential buyers before moving forward, and no decisions have been made yet. Money made from the sale of the properties would go back to the district's capital budget.
Ken Krasnow with Cushman and Wakefield, a real estate company working with the school district to sell the properties, said the buildings vary in condition and potential. Some buildings, like Rosewood Magnet School, could be transformed into medical office or flex space. Larger schools and properties could be redeveloped with commercial or retail space along the front and residential in the back.
Dodds said the district will reexamine interest in the properties and whether they need to be sold around December or January. The school board will have final approval. The capital budget funds would help keep district buildings up and enhance facilities.