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    Historic New Iberia Commercial Property

    320 & 320a Center Street New Iberia, LA 70560

    320 & 320a Center Street, New Iberia, LA, 70560
    $140,000
    For Sale
    Claim this Listing
    $140,000

    COMMERCIAL - New Iberia, LA

    Property Size2,400 SF
    Lot Size0.34 Acres
    Price / SF$58.33
    AddedApr 4, 2025
    Days on Market467
    Last RefreshJul 14 at 5:06 pm

    Property Features for 320 & 320a Center Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    C-1
    Bathrooms
    1
    Rooms
    Bathroom 1
    Parking features
    On Street
    Exterior features
    Partially Fenced
    Fencing
    Partial
    Standard status
    Active
    APN
    0502955500
    Size
    2,400 SF
    Lot size
    0.34 Acres

    Taxes and HOA fees

    Tax Description
    Lot 17 & Part Lot 16, Blk 258, City Map

    Utilities

    Heating system
    Space Heater, Natural Gas
    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Floors in Building
    1
    Flooring type
    Concrete
    Roof type
    Metal

    Listing agent Katie I LaBauve License #29166

    Listing office Caffery Real Estate, Inc. 1105 Parkview Drive Ste.1, New Iberia, LA

    Listing date Apr 4, 2025

    MLS# 2020022471

    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.

    This historic property, formerly Labauve's Bicycle Shop, offers a unique opportunity in New Iberia. The building includes 600 square feet of retail space with an adjoining stockroom. A spacious 1,800-square-foot warehouse is suitable for a workshop, storage, or light industrial use. The adjacent lot to the right of the building is also included, providing ample room for parking, expansion, or outdoor workspace. The property is zoned C-1. The total property size is 2,400 square feet, situated on a 0.34-acre lot. The location has a history as a local landmark, with continued community demand for bicycle repairs and parts, suggesting potential for reopening a repair shop or launching another service-oriented business. This property is located on Center Street in New Iberia, LA.

    Key Highlights

    • Historic property with established recognition as the former Labauve's Bicycle Shop.
    • 600 sq. ft. retail space plus 1,800 sq. ft. warehouse suitable for various uses.
    • Includes adjacent lot for parking, expansion, or outdoor workspace.

    Local Financial Insights For Industrial

    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 $18.7k $7.78
    − Vacancy −$859 −$0.36
    EGI $17.8k $7.42
    − OpEx −$5.3k −$2.23
    NOI $12.5k $5.20
    2,400 SF · lease $7.78/SF/yr · vacancy 4.60% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $275.9K
    $241.4K – $321.9K (±1% cap)
    NOI $19,313 @ 7.0% cap · market cap 13.79%
    Second Best
    Warehouse
    $216.3K
    $189.3K – $252.4K (±1% cap)
    NOI $15,141 @ 7.0% cap · market cap 10.82%
    Theoretical Best
    Office A
    $396.9K
    $347.3K – $463.1K (±1% cap)
    NOI $27,786 @ 7.0% cap · market cap 19.85%
    Zoning and permitted uses should be independently verified with local authorities.

    Property Analytics

    Property Profile Location Intelligence

    Current Use by Public Records

    The Old Bicycle Store Home Decor Store

    Suggested Use

    Dental Office Parking Lot & Garage Skin Care Clinic Carpet & Flooring Store Grocery & Convenience Store Home Appliance Store Locksmith Cafe & Coffee Shop Pet Grooming Service (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

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    FAQs

    What type of property is this?
    Retail space - Landmark property with retail space and warehouse, plus adjacent lot.
    Where is this retail space located?
    The property is located at 320 & 320a Center Street New Iberia, LA.
    What is the asking price?
    The asking price for this property is $140,000.
    What are key features of this property?
    This property features: Historic property with established recognition as the former Labauve's Bicycle Shop.; **600 sq. ft. retail space plus 1,800 sq. ft. warehouse suitable for various uses.**; Includes adjacent lot for parking, expansion, or outdoor workspace.
    Contact an agent
    (337) 519-5290
    We can help!
    Contact an agent
    Katie I LaBauve
    Real Estate License ID: 29166
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