Drive-Thru Bank and Office
309 E St Peter New Iberia, LA 70560
309 E St Peter, New Iberia, LA, 70560
$200,000
For Sale
$200,000
COMMERCIAL - New Iberia, LA
Property Size810 SF
Lot Size0.76 Acres
Price / SF$246.91
Days on Market369
Property Features for 309 E St Peter
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C2
- Bathrooms
- 1
- Rooms
- Bathroom 1
- 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)
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Flooring type
- Concrete
- Building materials
- Stucco
Listing Agency
The Gleason Group
(337) 262-7873
151 Southpark Rd, Suite 401, Lafayette, LA
Listed by
Barton Broussard · License #52896
(337) 380-9511
Added: Jul 14, 2025 Checked: Jul 17 at 6:06 pm
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.
Investment Insights
Based on property information with market context.
This for-sale commercial property features approximately 0.76 acres (+/-) of paved concrete parking and drive-thru area with dual frontage. A covered drive-thru supports vehicle access, and the site includes an 810 SF (+/-) office building. Design elements include a concrete overhang walkway and 41 designated parking spaces, supporting convenient customer and staff circulation.
Access is available from both Saint Peter Street and Charles Street, providing straightforward ingress and egress for a drive-thru operation. The site’s prior use as a drive-thru ATM and bank branch is reflected in the existing drive-thru infrastructure and the on-site office component.
The property can work well for financial services and quick-service restaurant users seeking an established drive-thru layout, given the covered drive-thru, defined parking, and office space. It may also appeal to parties interested in redevelopment, with the existing improvements and dual-street access providing a functional starting point for a variety of commercial uses under the C2 zoning designation.
Access is available from both Saint Peter Street and Charles Street, providing straightforward ingress and egress for a drive-thru operation. The site’s prior use as a drive-thru ATM and bank branch is reflected in the existing drive-thru infrastructure and the on-site office component.
The property can work well for financial services and quick-service restaurant users seeking an established drive-thru layout, given the covered drive-thru, defined parking, and office space. It may also appeal to parties interested in redevelopment, with the existing improvements and dual-street access providing a functional starting point for a variety of commercial uses under the C2 zoning designation.
Key Highlights
- Approximately 0.76 acres (+/-) of paved concrete parking and drive‑thru with dual frontage on Saint Peter Street and Charles Street
- Includes an 810 SF (+/-) office building with a covered drive‑thru
- 41 designated parking spaces plus an overhang walkway
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $9.7k | $12.00 |
| − Vacancy | −$408 | −$0.50 |
| EGI | $9.3k | $11.50 |
| − OpEx | −$2.8k | −$3.45 |
| NOI | $6.5k | $8.05 |
810 SF · lease $12.00/SF/yr · vacancy 4.20% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Banks
Similar For Sale Nearby
FAQs
What type of property is this?
Bank - Dual-frontage drive-thru site with an 810 SF office building and covered walkway, suited for financial services or QSR concepts.
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: Approximately 0.76 acres (+/-) of paved concrete parking and drive‑thru with dual frontage on Saint Peter Street and Charles Street; Includes an 810 SF (+/-) office building with a covered drive‑thru; 41 designated parking spaces plus an overhang walkway
