Drive-Through Bank
For Sale
$200,000
309 E St Peter, New Iberia, LA 70560
Commercial Sale, New Iberia, LA
Property Size810 SF
Lot Size0.76 Acres
Price / SF$246.91
Days on Market460
Property Features for 309 E St Peter
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C2
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Lot features
Interior Lot
Directions
From HWY 90 take Center Street exit into New Iberia, continue to Center, turn left on Charles Street, destination will be on your left
Subdivision
I2
Standard status
Active
APN
0502701010
Size
810 SF
Lot size
0.76 Acres
Taxes and HOA fees
Tax Description
1- 56/75/132 X 124/187/312 ITEM 1 CHARLES ST, ST PETER ST & ROMERO, SOILEAU, ROMERO AND CONGREGATION GATES OF PRAYER IMP (TELLER AREA) ITEM 3 LAND COMM SITE DEVELOPMENT ITEM 2 ACQ: JOHN J ROMERO - 2023 (19699)
Legal Description
1- 56/75/132 X 124/187/312 ITEM 1 CHARLES ST, ST PETER ST & ROMERO, SOILEAU, ROMERO AND CONGREGATION GATES OF PRAYER IMP (TELLER AREA) ITEM 3 LAND COMM SITE DEVELOPMENT ITEM 2 ACQ: JOHN J ROMERO - 2023 (19699)
Utilities
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air
Water source
Public
Amenities
concrete overhang walkway
dual frontage
Building Details
Flooring type
Concrete
Building materials
Stucco
Listing Agency:
The Gleason Group
(337) 262-7873
Listed By:
Barton Broussard · License #52896
(337) 380-9511
Added: Jul 14, 2025
Changed: Oct 8
Last Checked: Oct 16 at 2:06PM
MLS# 2500001186
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.
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Investment Insights
Based on property information with market context.
The C2-zoned property includes an 810-square-foot office building with central heating and air conditioning, a covered drive-through, and a concrete overhang walkway. The building has stucco exterior construction and concrete flooring. The paved site encompasses approximately 0.76 acres and contains 41 designated parking spaces.
Access and frontage are provided on both Saint Peter Street and Charles Street. Public water and public sewer serve the property.
Access and frontage are provided on both Saint Peter Street and Charles Street. Public water and public sewer serve the property.
Key Highlights
- 810‑square‑foot office building with a covered drive‑through
- Approximately 0.76 acres of paved concrete site area
- 41 designated parking spaces
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
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Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
916
Businesses Nearby
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Bank - A compact office building sits within a paved site with designated parking and access from two streets.
Where is this bank located?
The property is located at 309 E St Peter 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: 810‑square‑foot office building with a covered drive‑through; Approximately 0.76 acres of paved concrete site area; 41 designated parking spaces
