200 Teal St Lake Charles, LA 70615-6841

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.