Four months after its doors closed forever, the former Our Lady of Fatima school on Market Street is for sale — for a hefty asking price.
The Sisters of Saint Dorothy, the private order that owns and for decades ran the private Catholic high school, has listed the property with Hewitt Newton Associates for $8.1 million. The sale includes the 73,647-square-foot school building and nearly 45 acres of land, much of it along or fronting the Palmer River.
The Sisters closed the school in June after years of declining enrollment, saying they could no longer afford to support what was proving to be an economic liability. The closure came despite a last-minute fund-raising and enrollment-boosting effort by parents and alumni.
The property is on residentially zoned land and could support upwards of 80 to 90 homes if fully developed, and the sale also includes a 10,000-square-foot residential facility that had been used by teachers. Due to the unique nature of the main building, it would be “perfect for (a) private boarding school,” the ad reads.
The property is assessed by the Town of Warren at approximately $6.9 million.