Listed by Property One Inc
$8,600,000
St. Luke's
Details
Property Type Office, Special Purpose
Sub Type Medical Office, Medical Facility
Square Footage 120,000
Beds 118
Occupancy 26.5%
Tenancy Multi
Year Built 1973
Year Renovated 2007
Stories 6
Acreage 8.100
Zoning EC
Parking Spaces 96 spaces
Parking Per SqFt 0.80
Investment Type Value Add
Medical or Psychiatric Inpatient Rehabilitation, Moderate- to High-Care Assisted Living
Marketing description
Property One is pleased to present a value-add investment or owner-user opportunity at 4201 Woodland Drive, New Orleans, Louisiana. This six-story, ±120,000 SF institutional/medical facility sits on approximately ±8.1 acres on the West Bank and was originally constructed in 1973 as a 118-bed nursing home, with partial renovations completed in 2007.
Zoned EC (Educational Campus District), the property is well suited for Medical or Psychiatric Inpatient Rehabilitation, Moderate- to High-Care Assisted Living, or other healthcare and institutional uses, with potential for public and private partnerships with nearby medical and educational institutions.
Currently 26.5% occupied, the facility offers significant upside through lease-up, redevelopment, or owner-user conversion. With over 1,251 feet of frontage along General DeGaulle Drive, the property benefits from excellent visibility, access, and connectivity throughout the greater New Orleans market.
Prime medical services location in New Orleans, Louisiana, ideal for a Medical Office Building or Specialty Hospital, including Senior or Psychiatric Care facilities. Located in Algiers on the West Bank, the property sits on a highly visible corner at Woodland Avenue and General DeGaulle Drive, offering direct access to General DeGaulle, a major corridor serving Gretna, Harvey, Marrero, Belle Chasse, and portions of Jefferson and Plaquemines Parishes.
Adjacent to the University of Holy Cross, the site is surrounded by established medical providers and community amenities within a peaceful neighborhood. Just minutes from the French Quarter, the property offers an attractive balance of accessibility, healthcare demand, and proximity to New Orleans’ cultural and economic center.
The building is nestled in a park like setting at the foot Intracoastal Bridge forming the NW corner of Gen. De Gaulle Ave. and Woodland Dr. The site benefits from convenient linkage other Westbank communities including Belle Chasse which is home to Joint Reserve Base as well as the New Orleans Central Business District (approx. 3 miles).
Investment highlights
- 120,000 +/- SF
- Special Purpose Building (80 beds floors 2-6)
- Generator
- Built in 1973, Renovated in 2007
- Zoned EC (Commercial Center, Institutional Campus District)
- +/- 26.5% Occupancy
- Parking: +/- 96 Paved Surface
- Land +/- 8.10 Acres
- Floor Rentable Area : +/- 117,691
- Building Name St. Luke's
- Street Address 4201 Woodland Dr
- City, State, Zip New Orleans, LA 70131
- County Orleans
- Market New Orleans MSA
- Sub-market Algiers
- Cross-Streets General De Gaulle
- Side of the Street South
- Signal Intersection Yes
- Road Type Paved
- Market Type Medium
- Nearest Highway Hwy 90 to I-10 3 miles
- Nearest Airport Louis Armstrong International (MSY) 21 miles
Listing Contacts
Listed by Property One Inc
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