The building, along with a nearby carriage house, were converted into sixteen condominium residences in 1983; it was listed on the National Register of Historic Places in 1982.

[2] The surviving academy building was constructed the following year, funded by a public-private partnership in which the town's students were able to attend the school in exchange for its financial support.

The building is two stories in height and roughly square in shape, with a hip roof and a high brick foundation.

The main facade has an elaborate center bay, with paired columns flanking a rounded entrance, and above that a Palladian window.

Rising from the center of the roof is a wide octagonal tower, with clock faces on four sides and louvered openings on the other four.