Flex Property with
New
For Sale
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1924 East Main Street, New Iberia, LA 70560
Front office and showroom areas connect to rear warehouse space, with a mezzanine and grade-level loading access.
Property Size14,280 SF
Price / SF$35
Days on Market6
Property Features for 1924 East Main Street
General Information
Standard status
Active
Size
14,280 SF
Property subtype
Industrial
Financials
Cap Rate
8%
Gross Income
$40,518
Site & Location
Road Access
Yes
Outdoor Storage
Yes
Additional Details
Drive-In Doors
3
Building Details
Building Size
14,280 SF
Tenancy
Single
Listing Agency:
Elifin Realty Baton Rouge
Listed By:
Alex Ruch · License #995714093
(225) 485-0238
Source:
Crexi
Added: Sep 21
Changed: Sep 24
Last Checked: Sep 24 at 2:08PM
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 Elifin Realty Baton Rouge
Investment Insights
Based on property information with market context.
This flex property at 1924 East Main Street combines office and showroom space at the front with a warehouse behind. The approximately 14,280-square-foot building has three grade-level doors, a mezzanine, and a recently installed roof. A paved parking area and laydown yard serve the site, which has frontage on both East Main Street and East St. Peter Street.
Watsco, a publicly traded HVAC/R distribution company, occupies the property under a lease running through May 2028. The five-year lease began in 2023 and includes annual 3% rent increases.
The property is about six minutes from the intersection of South Lewis Street and East Admiral Doyle Drive. Nearby retailers and food service businesses include Walmart Supercenter, Rouses, Harbor Freight, Chick-fil-A, and Starbucks.
Watsco, a publicly traded HVAC/R distribution company, occupies the property under a lease running through May 2028. The five-year lease began in 2023 and includes annual 3% rent increases.
The property is about six minutes from the intersection of South Lewis Street and East Admiral Doyle Drive. Nearby retailers and food service businesses include Walmart Supercenter, Rouses, Harbor Freight, Chick-fil-A, and Starbucks.
Key Highlights
- Approximately 14,280 SF of office/showroom and warehouse space
- Leased to Watsco through May 2028 under a five‑year lease that began in 2023
- Annual 3% rent increases
Property Analytics
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Current Use
Lease Details
3
Drive-in doors
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
450
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
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Market
Vacancy Rate% for Industrial in South region
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Frequently Asked Questions
What type of property is this?
Flex space - Front office and showroom areas connect to rear warehouse space, with a mezzanine and grade-level loading access.
Where is this flex space located?
The property is located at 1924 East Main Street New Iberia, LA.
What is the asking price?
The asking price for this property is $499,800.
What are key features of this property?
This property features: Approximately 14,280 SF of office/showroom and warehouse space; Leased to Watsco through May 2028 under a five‑year lease that began in 2023; Annual 3% rent increases
