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Mixed-Use Property with Retail Frontage
For Sale
$250,000

1116 Center St, New Iberia, LA 70560

Retail space fronts a four-lane street, with a three-bedroom residence positioned behind the storefront.

Property Size4,032 SF
Price / SF$62
Days on Market758

Property Features for 1116 Center St

General Information

Standard status Active
Size 4,032 SF
Listing Agency: Compass
Listed By: Brennan Billeaud · License #0000069755
Source: Exprealty
Added: Jul 15, 2024 Changed: Aug 11 Last Checked: Aug 11 at 12:58PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Investment Insights

Based on property information with market context.

This mixed-use property combines a 2,440 SF retail storefront with a 1,592 SF residential dwelling located behind the commercial space. The residence includes three bedrooms and two bathrooms, creating a combined property size of 4,032 SF. The storefront presents frontage along Center Street, while the residential component adds an on-site living arrangement to the commercial configuration.

The property is located in New Iberia on Center Street, a four-lane roadway described as carrying high traffic. Its prior use was Mouton's Electrical Sales and Service.

Key Highlights

  • 2,440 SF retail storefront with Center Street exposure
  • 1,592 SF dwelling with 3 bedrooms and 2 bathrooms
  • Combined property size of 4,032 SF

Property Analytics

Current Use

Live-work space

Suggested Use

Top Pick Locksmith Skin Care Clinic Acupuncture Home Appliance Store (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

930
Businesses Nearby

Demographics for 70560, LA

39,457
Population
16,970
Households
2.3
Avg Household Size
38
Median Age
11%
College-Educated
80%
High-School Grad
176.1 sq mi
ZIP Area
224
Density / Sq Mi
$48,296
Median Household Income
$31,864
Median Earnings
$886
Median Rent
$126,500
Median Home Value

Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Retail space fronts a four-lane street, with a three-bedroom residence positioned behind the storefront.
Where is this mixed-use property located?
The property is located at 1116 Center St New Iberia, LA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,440 SF retail storefront with Center Street exposure; 1,592 SF dwelling with 3 bedrooms and 2 bathrooms; Combined property size of 4,032 SF
More about this property
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