Former Ramada Inn Redevelopment
2915 Louisiana 14, New Iberia, LA 70560
Former 163-key hotel in New Iberia, Louisiana for sale.
- Added:
- Nov 25, 2025
- Days on Market:
- 189
- Last Refresh:
- May 8 at 10:40 pm
Property Features for 2915 Louisiana 14
General Information
- Standard status
- Active
Building Details
- Year Built
- 1977
Listing agent Tom French
Listing office Bull Realty, Inc. - Atlanta (404) 876-1640
Listing date Nov 25, 2025
Source Bullrealty
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 Bull Realty, Inc. - Atlanta
HighLights
- Flexible C4 zoning allows for hotel, multifamily, or mixed‑use redevelopment.
- Available seller financing provides an attractive opportunity for qualified buyers.
- Located in an Opportunity Zone with strong commercial demand drivers.
- Priced at $17,500 per key, well below replacement cost.
- High traffic location with over 50,000 vehicles per day (VPD) at a signalized corner.
- Ample parking (240 spaces) including truck parking, with potential for a ±0.5‑acre retail pad development.
Overview
The property is a former 163-key Ramada Inn located off Louisiana Highway 14 in New Iberia, Louisiana. The site is zoned C4 (heavy commercial), allowing for a wide range of uses, including hotel, multifamily, or mixed-use redevelopment. Hotel franchise options are available. A multifamily conversion is viable for senior living and workforce housing. The property is offered unencumbered by management or debt, and seller financing is available. The site includes ample indoor public space, 240 parking spaces (including truck parking), and a ±5,300 SF former meeting space. The front building can operate as a stand-alone restaurant, and the rear parking area offers potential for a ±10.5-acre retail pad. The property is located right off Exit 128A Hwy 90. The location is a signalized corner with over ±150,000 VPD. It is located within a 3-mile radius of Walmart Supercenter, T.J. Maxx, restaurants, and 14,000+ daytime workers. It is also located 20 minutes from Lafayette Regional Airport (LFT). The property is surrounded by major demand generators such as the Port of Iberia (5,000+ workers), Double Eagle Marine, Halliburton, Iberia Medical Center, New Iberia Research Center, Aviation Exteriors, and McIlhenny Company (Tabasco ) on Avery Island. New Iberia has shown interest in converting comparable properties to apartments. The Southern Louisiana hospitality submarket has experienced 2.1% ADR and 2.8% RevPAR growth year-over-year.
Location Intelligence
Current Use by Public Records
Hotels
Map
- City
- New Iberia
- County
- Iberia
- State
- Louisiana
- Longitude
- -91.8695
- Latitude
- 29.9366
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FAQs
What type of property is this?
Hotel - Former 163-key hotel in New Iberia, Louisiana for sale.
Where is this hotel located?
The property is located at 2915 Louisiana 14 New Iberia, LA.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: Flexible C4 zoning allows for hotel, multifamily, or mixed‑use redevelopment.; Available seller financing provides an attractive opportunity for qualified buyers.; Located in an Opportunity Zone with strong commercial demand drivers.
