Health Care and Medical Properties - For Sale
1101 Aline Street New Orleans, LA 70115
Details & Description
Price: $11,750,000
  • Property Type Health Care for Sale : Assisted/Senior Living
  • Lot Size Acres 1.040
  • Building Sq Ft 74,836
  • Building Price per Sq Ft $157.01
  • Land Sq Ft 45,478
  • Land Price per Sq Ft $258.37
Originally constructed as a convent in 1950, this three-story 74,836 square-foot historic building currently operates as an assisted living facility known as Homelife in the Gardens which is comprised of 95 licensed units, offering independent, assisted, memory and respite care options.In addition to the 95 units, the property includes two passenger elevators, five stairwells, a reception area and lobby, numerous community gathering areas, a dining hall, full commercial kitchen, multiple offices and meeting rooms, and a chapel. There are two large atrium areas that might allow for additional floor plates on the 2nd and 3rd floors, potentially resulting in over 7,000 SF of additional gross building area, allowing for potentially up to approximately 82,000 square feet of gross building area. The improvements are situated on a 45,478 SF site which encompasses an entire city block. Presently there are twenty-seven (27) off-street parking spaces, with room within well spaced columns on the first floor for additional enclosed parking.Strategically positioned in the heart of Uptown New Orleans, this location boasts 162 feet of frontage along Magazine Street, only one block from Louisiana Avenue. Some of the immediately surrounding land uses include Touro Hospital – LCMC Health, CVS Pharmacy, Fresh Market, countless restaurants and destination retail shopping options that all service a demographic base with some of the highest average household income figures in the State of Louisiana.This incredible and once in a career development opportunity presents tremendous potential for conversion to high density residential development, commercial space activation along Magazine Street, or continued use as a senior living facility. The facility has tremendous physique with full service systems and extensive atrium space with beautiful natural light.
Additional Photos
Listing Agents
Pat Browne III

O: 504-274-2667
pat@mceneryco.com
While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

1101 Aline Street

New Orleans, LA 70115

Listing ID: 218032
$11,750,000
For Sale
  • Property Type Health Care for Sale : Assisted/Senior Living
  • Lot Size Acres 1.040
  • Building Sq Ft 74,836
  • Building Price per Sq Ft $157.01
  • Land Sq Ft 45,478
  • Land Price per Sq Ft $258.37
  • 1101 Aline Street New Orleans, LA 70115 | for Sale | Photo 1
  • 1101 Aline Street New Orleans, LA 70115 | for Sale | Photo 2
  • 1101 Aline Street New Orleans, LA 70115 | for Sale | Photo 3
  • 1101 Aline Street New Orleans, LA 70115 | for Sale | Photo 4
1101 Aline Street | for Sale | Thumbnail 1
1101 Aline Street | for Sale | Thumbnail 2
1101 Aline Street | for Sale | Thumbnail 3
1101 Aline Street | for Sale | Thumbnail 4
Description

Originally constructed as a convent in 1950, this three-story 74,836 square-foot historic building currently operates as an assisted living facility known as Homelife in the Gardens which is comprised of 95 licensed units, offering independent, assisted, memory and respite care options.

In addition to the 95 units, the property includes two passenger elevators, five stairwells, a reception area and lobby, numerous community gathering areas, a dining hall, full commercial kitchen, multiple offices and meeting rooms, and a chapel. There are two large atrium areas that might allow for additional floor plates on the 2nd and 3rd floors, potentially resulting in over 7,000 SF of additional gross building area, allowing for potentially up to approximately 82,000 square feet of gross building area. The improvements are situated on a 45,478 SF site which encompasses an entire city block. Presently there are twenty-seven (27) off-street parking spaces, with room within well spaced columns on the first floor for additional enclosed parking.

Strategically positioned in the heart of Uptown New Orleans, this location boasts 162 feet of frontage along Magazine Street, only one block from Louisiana Avenue. Some of the immediately surrounding land uses include Touro Hospital – LCMC Health, CVS Pharmacy, Fresh Market, countless restaurants and destination retail shopping options that all service a demographic base with some of the highest average household income figures in the State of Louisiana.

This incredible and once in a career development opportunity presents tremendous potential for conversion to high density residential development, commercial space activation along Magazine Street, or continued use as a senior living facility. The facility has tremendous physique with full service systems and extensive atrium space with beautiful natural light.

Attachments & Files
Points of Interest & Demographic Radii
Points of Interest
Demographic Radii
POIs provided for entertainment purposes only. Data comes from multiple data sources as well as users and agents. MyEListing makes no claims whatsoever as to the accurancy and/or completeness.
 
New Orleans History of Health Care and Medical Properties for Sale

Loan and Amortization Calculator

Listing Price
Down Payment

Loan Amount:
Interest Rate:
Term (months):

Your Monthly Payment

$0.00

Total Principal: --

Total Interest: --

Total Cost: --

New Orleans Area Market Trends

Listing Demographics for 1101 Aline Street New Orleans, LA 70115

All information based on the most recently available data (updated annually) and is provided in 1-mile, 3-mile, and 5-mile radii (radiuses) of the property location.

1-Mile 3-Miles 5-Miles
Total Population24,178158,135373,944
Population Median Age413939
Population by Age0-9 Yrs2091 (8%)15515 (9%)42188 (11%)
10-19 Yrs1422 (5%)15023 (9%)38179 (10%)
20-29 Yrs3764 (15%)29234 (18%)58467 (15%)
30-39 Yrs5378 (22%)26286 (16%)60308 (16%)
40-49 Yrs3074 (12%)18980 (12%)45329 (12%)
50-59 Yrs3273 (13%)20431 (12%)50429 (13%)
60-69 Yrs2710 (11%)17989 (11%)43559 (11%)
70+ Yrs2468 (10%)14677 (9%)35483 (9%)
Median HH Income$61,748$49,699$44,921
Total Household Income< 24K2308 (21%)18717 (29%)46386 (30%)
25-49K2195 (20%)12984 (20%)34792 (23%)
50-74K1734 (16%)9631 (15%)22911 (15%)
75-99K1075 (9%)6121 (9%)14928 (9%)
100-199K2175 (20%)10014 (15%)22333 (14%)
200K+1337 (12%)5629 (8%)9118 (6%)
Highest Education LevelNo Diploma18941681641991
Diploma or GED29642491967226
Some College30171988154464
Assoc. Degree671454613106
Bachelors Degree57552632554241
Higher Degree53262158537689
Total Housing Units14,35080,779187,487
--Owner-Occupied5,05428,47273,156
--Renter-Occupied5,77034,62577,311
Owner-Occupied Values< 100K26830189936
100-199K551653525585
200-299K763486013147
300-399K81536258396
400-499K72928875240
500K+1928754710853
Total Working Age Population21,112134,649309,604
In Work Force15,23482,684193,820
Not In Work Force5,87851,965115,784
Workforce Employed14,36977,157179,295
Workforce Unemployed8285,30513,778
Civlian Workforce15,19682,462193,073
Military Workforce37222747
Total Households10,82463,097150,468
Family Households4,57828,67374,293
Non-Family Households6,24634,42476,175
Married Couple3,23817,84345,067
Other Family1,34010,83029,226
Married w/Child1,0135,99614,898
Single Male w/Child1269762,788
Single Female w/Child3753,93911,013

Population Change Last Two Decades - Plus Projection

2000%2010%2020%2030
Louisiana4,468,976+14,533,372+14,588,310+54,813,420
Jefferson Parish455,466-5432,552+4450,200+1454,670
Lafourche Parish89,974+796,318095,990095,990
Orleans Parish484,674-29343,829-26255,4400256,010
Plaquemines Parish26,757-1423,042+1225,770+1329,130
St. Bernard Parish67,229-4735,897-3822,210+122,480
St. Charles Parish48,072+1052,780+1057,930+560,580
St. John the Baptist Parish43,044+745,924+2557,410+1365,110

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

Total Working Age Population:

Total Households:

No part of this information may be copied, reproduced, repurposed, or screen-captured for any commercial purpose without prior written authorization from MyEListing.

While we strive to provide the most accurate information, all listing information, and demographic data, is provided by third-parties. As such, MyEListing will not be responsible for the accuracy of the information. It is strongly recommended that you verify all information with the listing agent, and any relevant agencies, prior to making any decisions.

Other Health Care and Medical Properties Listings for Sale Nearby
Address Price Sq Ft Acres
4201 Woodland Drive, New Orleans, LA $11,000,000 120068 8.1
2995 Race Street, Jackson, LA CALL 4800 -
6411 Howells Ferry Road, Mobile, AL $675,000 7920 7.2
132 Well Road, West Monroe, LA $2,018,700 2560 -
3748 Meeks Drive, Orange, TX $1,846,000 10086 -
1400 West 11th Street, Panama City, FL $750,000 34288 2.64
104 M B L Bank Drive, Minden, LA $2,990,000 13865 2.8
1209 West Bluff Street, Woodville, TX $1,448,480 4938 0.25
404 East 24th Street, Lynn Haven, FL $3,108,000 6409 1
2500 Military Road, Columbus, MS $890,909 3000 0.25
Closest Commercial Airports
Airport Distance (mi)
Louis Armstrong New Orleans International Airport (MSY) 11
Gulfport Biloxi International Airport (GPT) 70
Lafayette Regional Airport (LFT) 115