For Sale
$2,500,000

200 Teal StLake Charles, LA 70615

61,022 SF, 250-bed potential, Opportunity Zone

Overview

Added:
Dec 11, 2024
Days on market:
115
Exceptional redevelopment opportunity awaits in Lake Charles, Louisiana. This 61,022 square foot, single-story facility sits on a 4.95-acre lot and offers significant potential for repurposing. Previously operating as a 250-bed senior care center, the property sustained minimal cosmetic damage from Hurricane Laura in 2020, with all utilities remaining functional. Currently climate-controlled and used for short-term training, this asset presents a unique chance to capitalize on the substantial federal and state disaster aid allocated for Southwest Louisiana's economic revitalization. Located within a rapidly growing MSA and Opportunity Zone, the property's adaptability makes it suitable for various institutional, medical, or government uses. The City of Lake Charles is open to exploring local incentives, potentially through the creation of an Economic Development District, depending on the proposed use. The property includes 26 parking spaces and is identified by APN 031008-0000-240-0014. Priced at $2,500,000 ($40.97/sq ft), this represents a significant value proposition for investors seeking a large-scale project in a revitalizing area. The property is offered as a single unit within a single building.

Highlights

  • $2,500,000 asking price for a 61,022 SF special purpose property.
  • Located in Lake Charles, LA, in an Opportunity Zone.
  • The property is a single-story, 61,022 SF building on a 4.95-acre lot with 26 parking spaces.
  • Previously operated as a 250-bed senior care facility, minimal hurricane damage, utilities operational.
  • Potential for economic revitalization incentives from state and local government.

Property Details for 200 Teal St

Property type
Specialty properties, Medical space
Square Feet
61,022 SF
Buildings
1
Stories
1
Lot Size (sq. ft)
215,622 SF
Units
1

Location Insight

City
Lake Charles
County
Calcasieu Parish
State
Louisiana
Latitude
30.2188313
Longitude
-93.1678472
200 Teal St, Lake Charles, Louisiana

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200 Teal St
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