The site of the former Glenarm Primary School has gone on the market for £250,000.
The land at Straidkilly Road is owned by Mid and East Antrim Borough Council .
It is being advertised for sale as a "village centre regeneration and development opportunity".
The 9.5 acre site is adjacent to Glenarm Castle. It comprises the former school, playing field, an open space used for grazing, and as an overflow area for events at the castle.
It has been described as "a unique opportunity to regenerate and develop under-utilised land".
Glenarm Primary closed in August 2008.
A new four-star hotel and whiskey distillery are also planned for Glenarm. A visitor experience and community hub are further elements of the proposals for the village after permission was granted for the sale of the council-owned former quarry, fish factory and Eglinton Yard, which had been on the market for £200,000.