LAFAYETTE — For sale: a 263-bed hospital and 25-acre medical campus in the Saints streets area. Asking: $36 million.
Our Lady of Lourdes Regional Medical Center, which is moving to a new campus on Ambassador Caffery Parkway this month, put its old St. Landry Street location on the market Wednesday.
“It’s a unique opportunity,” said NAI Latter & Blum real estate agent Rich Stone, who is handling the property.
The St. Landry Street complex has 15 buildings, including the main seven-story hospital, a convent, several surrounding buildings and three parking towers.
The sale also includes about 9 acres of undeveloped property around the medical center.
The $36 million asking price is well below the replacement cost of the hospital complex, according to NAI Latter & Blum.
“The hospital facility on St. Landry has served us well for over 60 years and we believe the campus still has significant potential for the local community,” Lourdes President and CEO William “Bud” Barrow said in a news release announcing the offering.
Stone said selling the property in pieces is not being considered as a first option.
“Ideally, we are looking to sell this as a package,” he said.
There are no requirements that the Lourdes property remain a medical facility, Stone said.
A few of Lourdes’ services are expected to remain at the old site for the near future, with Lourdes possibly leasing the space from any future buyer, Stone said.