Historic New Iberia Commercial
For Sale
$140,000
320 & 320a Center Street, New Iberia, LA 70560
COMMERCIAL - New Iberia, LA
Property Size2,400 SF
Lot Size0.34 Acres
Price / SF$58.33
Days on Market483
Property Features for 320 & 320a Center Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-1
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Parking features
On Street
Exterior features
Partially Fenced
Fencing
Partial
Directions
From Hwy 90 to New Iberia, exit Hwy 14/Center St. Property on the left.
Subdivision
I2
Standard status
Active
APN
0502955500
Size
2,400 SF
Lot size
0.34 Acres
Taxes and HOA fees
Tax Description
Lot 17 & Part Lot 16, Blk 258, City Map
Legal Description
Lot 17 & Part Lot 16, Blk 258, City Map
Utilities
Heating system
Space Heater, Natural Gas
Cooling system
Window Unit(s)
Water source
Public
Building Details
Floors in Building
1
Flooring type
Concrete
Roof type
Metal
Listing Agency:
Caffery Real Estate, Inc.
(337) 367-7708
Listed By:
Katie I LaBauve · License #29166
(337) 519-5290
Added: Apr 4, 2025
Changed: May 13
Last Checked: Jul 30 at 2:06PM
MLS# 2020022471
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 historic property, formerly Labauve's Bicycle Shop, offers a unique opportunity in New Iberia. The building includes 600 square feet of retail space with an adjoining stockroom. A spacious 1,800-square-foot warehouse is suitable for a workshop, storage, or light industrial use. The adjacent lot to the right of the building is also included, providing ample room for parking, expansion, or outdoor workspace. The property is zoned C-1. The total property size is 2,400 square feet, situated on a 0.34-acre lot. The location has a history as a local landmark, with continued community demand for bicycle repairs and parts, suggesting potential for reopening a repair shop or launching another service-oriented business. This property is located on Center Street in New Iberia, LA.
Key Highlights
- Historic property with established recognition as the former Labauve's Bicycle Shop.
- 600 sq. ft. retail space plus 1,800 sq. ft. warehouse suitable for various uses.**
- Includes adjacent lot for parking, expansion, or outdoor workspace.
Financial Insights For Industrial
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 | $18.7k | $7.78 |
| − Vacancy | −$859 | −$0.36 |
| EGI | $17.8k | $7.42 |
| − OpEx | −$5.3k | −$2.23 |
| NOI | $12.5k | $5.20 |
2,400 SF · lease $7.78/SF/yr · vacancy 4.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$275.9K
$241.4K – $321.9K
NOI $19,313 @ 7.0% cap · market cap 13.79%
Second Best
Warehouse
$216.3K
$189.3K – $252.4K
NOI $15,141 @ 7.0% cap · market cap 10.82%
Theoretical Best
Office A
$396.9K
$347.3K – $463.1K
NOI $27,786 @ 7.0% cap · market cap 19.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
893
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
Market
Vacancy Rate% for Industrial 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?
Retail space - Landmark property with retail space and warehouse, plus adjacent lot.
Where is this retail space located?
The property is located at 320 & 320a Center Street New Iberia, LA.
What is the asking price?
The asking price for this property is $140,000.
What are key features of this property?
This property features: Historic property with established recognition as the former Labauve's Bicycle Shop.; 600 sq. ft. retail space plus 1,800 sq. ft. warehouse suitable for various uses.**; Includes adjacent lot for parking, expansion, or outdoor workspace.
