145 W Main Street New Iberia, LA 70560
COMMERCIAL - New Iberia, LA
Property Features for 145 W Main Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C-2
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Parking features
- On Street
- Security features
- Security System
- Exterior features
- Door Sign
- Standard status
- Active
- APN
- 0500481501
- Size
- 4,018 SF
Taxes and HOA fees
- Tax Description
- 1-50x92 W Main St, Cestia, Amentor, Longhorn Leasing Being Defined by subject to the boundary wall
Utilities
- Heating system
- Central, Natural Gas
- Cooling system
- Central Air, Ceiling Fan(s)
- Water source
- Public
Building Details
- Floors in Building
- 1
- Flooring type
- Tile, Concrete, Wood
Listing agent Linell Champagne License #995680034 (337) 254-8891
Listing office McGeeScott Realty 222 Fulton Street, Lafayette, LA (337) 735-4040
Listing date Feb 8, 2024
Copyright © 2026 Realtor Association of Acadiana. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is located at 145 W Main Street in New Iberia, Louisiana, within C-2 zoning. It is currently tenant occupied, which may be of interest to investors seeking an income-producing asset.
For tenants, the layout of two self-contained office units with private kitchen and bathroom facilities can support a range of professional uses. For buyers and investors, the presence of separate electrical metering and the documented 2022 interior improvements provide a practical basis for ongoing operation as-is, while the split-unit configuration offers flexibility in how the property can be managed.
Key Highlights
- Downtown historical commercial building with two separate units; one unit is 2,660 SF and the other is 1,358 SF
- Both units include their own kitchen and bathroom and are currently tenant occupied
- 2022 updates included fresh paint, new flooring, fixture updates, and separate electrical meters
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $57.9k | $14.40 |
| − Vacancy | −$12.7k | −$3.17 |
| EGI | $45.1k | $11.23 |
| − OpEx | −$11.3k | −$2.81 |
| NOI | $33.8k | $8.42 |
