This offering presents a significant value-add investment or owner-user opportunity in New Orleans’ West Bank submarket. The six-story, ±120,000 SF institutional medical facility is situated on an expansive ±8.11-acre site with over 1,251 feet of frontage along General DeGaulle Drive, providing excellent visibility and accessibility. Originally constructed in 1973 as a nursing home and partially renovated in 2007, the property is zoned EC (Educational Campus District), supporting a wide range of healthcare and institutional uses, including medical office, psychiatric care, and rehabilitation services.
Currently 26.5% occupied, the asset offers substantial upside through lease-up, redevelopment, or adaptive reuse. The site’s strategic location near the University of Holy Cross and major healthcare providers positions it as a strong candidate for public-private partnerships or specialty medical operations. With proximity to the French Quarter, downtown New Orleans, and major transportation corridors, this property combines scale, infrastructure, and location advantages for investors seeking long-term growth potential in a healthcare-driven market.