Address: 200 Teal St., Lake Charles, LA 70615
The McEnery Company is pleased to present this large-scale residential-care redevelopment opportunity at a fraction of replacement cost. Located within the quickly expanding Lake Charles MSA in an Opportunity Zone, other medical and/or institutional / government offices would also bode well for the asset. The property last operated as the 250 bed St. Martin de Porres Senior multi-care facility, closing after Hurricane Laura in 2020. Minimal cosmetic damage was sustained in the storm with all utilities remaining operational at present. Since its closure, the facility has been utilized for short term training activities and remains climate controlled.
Special considerations from Nic Hunter, Mayor of Lake Charles:
- The state of Louisiana is the recipient of over $1B in federal disaster aid related to recent natural disasters in Southwest Louisiana, a portion of which is set aside for economic revitalization. Depending on the proposed use, this property could easily qualify for economic revitalization incentives.
- The City of Lake Charles has also expressed a willingness to consider local incentives, through creation of an Economic Development District, depending on proposed use.
List Price: $2,250,000 | $36.88 PSF
GBA: 61,022 SF
Site Size: 4.95 Acres
Zoning: R-M | Multi Family Residential District
Bed Count: 250 beds | $9,000 per bed
Parking: Approximately sixty-two (62) off-street parking spaces.
For further listing details, please contact Chris Dozier at 504.722.5393 or Parke McEnery at (504.236.9542)
