A surprising look at what happens to the actual school buildings in the wake of school closures.   School districts across the United States have closed thousands of schools since 2000 to cope with chronic underfunding and budget crises, declining enrollment, and poorly maintained buildings. Our knowledge about school closures has focused on battles over closure decision-making and the impacts of closing schools on communities of color in the immediate aftermath of these decisions. But what of the large, sometimes magisterial, formerly public spaces once at the center of community life? How do these now vacant buildings change daily life in the surrounding neighborhood? In Schools for Sale, Julia McWilliams, Ariel H. Bierbaum, Amy J. Bach, and Elaine Simon examine how school closures change the spatial and social arrangements of neighborhoods. Following a series of school closures in Philadelphia, the authors draw from research in urban studies, education, planning, and geography to explain how race, place, and capital merge to influence the trajectory of closed schools in Black and Brown communities and their surrounding neighborhoods. Some closed schools are repurposed as charter schools, upending the role those buildings have historically played in bringing communities together. Other buildings are sold for commercial development, caught up in cycles of gentrification even as developers foster programs to support community members. Others are left vacant or are demolished in the heart of their neighborhoods, decisions that reflect not only disinvestment in Black communities but the sobering reality of environmental racism. Drawing needed attention to one of the significant consequences of school closures, Schools for Sale imparts a deeper understanding of the connections between place, race, and education amid broader urban transformations, prompting us to consider how school districts can work toward a new vision for public education and community development.