Commercial Land with
For Sale
$200,000
309 E Saint Peter St, New Iberia, LA 70560
Paved parking and dual street access accompany an existing office structure.
Property Size810 SF
Price / SF$246.91
Days on Market459
Property Features for 309 E Saint Peter St
General Information
Standard status
Active
Size
810 SF
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Barton Broussard · License #52896
(337) 380-9511
Source:
Exprealty
Added: Jul 14, 2025
Changed: Oct 2
Last Checked: Oct 15 at 3:31AM
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 The Gleason Group
Investment Insights
Based on property information with market context.
This approximately 0.76-acre commercial land parcel includes paved concrete parking and drive-through areas, along with an approximately 810 SF office building. The improvements include a covered drive-through and a concrete overhang walkway. The property previously operated as a drive-through ATM and bank branch, providing an established layout for commercial reuse or redevelopment.
The site has frontage and access on both Saint Peter Street and Charles Street. On-site parking includes 41 designated spaces, while the existing circulation pattern accommodates vehicle access through the paved drive-through area. The source identifies financial services, QSR use, and redevelopment among the potential commercial directions for the property.
The site has frontage and access on both Saint Peter Street and Charles Street. On-site parking includes 41 designated spaces, while the existing circulation pattern accommodates vehicle access through the paved drive-through area. The source identifies financial services, QSR use, and redevelopment among the potential commercial directions for the property.
Key Highlights
- Approximately 0.76 acres (+/-) of paved concrete parking and drive‑through area
- Dual frontage and access on Saint Peter Street and Charles Street
- 810 SF (+/-) office building with a covered drive‑through
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,518
Cap Rate
3.26%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,360
$130.4K
Cap Rate 7%
$93,114
$93.1K
Cap Rate 9%
$72,422
$72.4K
Market Conditions
NOI Build-Up for 810 SF
Gross rent
$9.7K $12.00/SF
− Vacancy
−$408 −$0.50/SF
EGI
$9.3K $11.50/SF
− OpEx
−$2.8K −$3.45/SF
NOI
$6.5K $8.05/SF
Area
Iberia County, LA
Vacancy
4.20%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$130,360
Cap Rate 7%
$93,114
Cap Rate 9%
$72,422
Alternative Uses
Best Use
Retail
$93.1K
$81.5K – $108.6K
NOI $6,518 @ 7.0% cap · market cap 3.26%
Second Best
Specialty Retail
$37.4K
$32.7K – $43.7K
NOI $2,619 @ 7.0% cap · market cap 1.31%
Theoretical Best
Office A
$134.0K
$117.2K – $156.3K
NOI $9,378 @ 7.0% cap · market cap 4.69%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
847
Businesses Nearby
11k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 54%
Dining 46%
Dollar General
Shops & Services
5,957 visits/mo
0.2 miles
Church's Chicken
Dining
5,102 visits/mo
0.3 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - Paved parking and dual street access accompany an existing office structure.
Where is this commercial land located?
The property is located at 309 E Saint Peter St New Iberia, LA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Approximately 0.76 acres (+/-) of paved concrete parking and drive‑through area; Dual frontage and access on Saint Peter Street and Charles Street; 810 SF (+/-) office building with a covered drive‑through
