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    1202 Jefferson Ter New Iberia, LA 70560

    Sponsored
    For Lease
    Contact for pricing

    High-traffic Walmart shadow center; 2 spaces available.

    Lot size:
    23,600 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    New Iberia Plaza offers exceptional retail space in a thriving Walmart shadow center. This prime location boasts over 23,600 square feet of total building space, with two available units totaling 4,240 square feet of vacant space. Individual spaces range from a minimum of 1,440 square feet to a maximum contiguous space of 2,800 square feet, offering flexibility for various business needs. The center benefits from the significant traffic generated by the adjacent Walmart, which sees an impressive 3 million annual visits. This high-volume traffic extends to the surrounding retail corridor, the only high-density retail hub in New Iberia, ensuring strong visibility and customer reach. The property features strong anchor tenants, including Cato and Hibbett Sports, further enhancing its appeal and attracting a diverse customer base. The strategic location is complemented by the proximity of numerous national retailers, such as Starbucks, Walgreens, Chick-fil-A, Dollar Tree, and Smoothie King, creating a synergistic retail environment. This presents a unique opportunity for businesses seeking high visibility and access to a substantial customer base in a well-established retail center. The property's location along E Admiral Doyle Dr provides excellent accessibility and visibility for potential tenants.

    Property Features for 1202 Jefferson Ter

    General Information

    Property type
    Neighborhood centers
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    23,600 SF

    Unit(s) available at that property

    Space
    AVAILABLE (1)
    Size
    2,800 SF
    Space
    AVAILABLE (2)
    Size
    1,520 SF

    HighLights

    • High‑traffic Walmart shadow center with 3 million annual visits.
    • Located in New Iberia's only high‑density retail corridor.
    • Strong anchor tenants include Cato and Hibbett Sports.
    • Proximity to national retailers including Starbucks, Walgreens, Chick‑fil‑A, Dollar Tree, and Smoothie King.
    Property Profile Location Intelligence

    Current Use by Public Records

    Neighborhood centers

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.814117627934
    Latitude
    29.984748502446

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    FAQs

    What type of property is this?
    Neighborhood center - High-traffic Walmart shadow center; 2 spaces available.
    Where is this neighborhood center located?
    The property is located at 1202 Jefferson Ter New Iberia, LA.
    What are key features of this property?
    This property features: High-traffic Walmart shadow center with 3 million annual visits.; Located in New Iberia's only high-density retail corridor.; Strong anchor tenants include Cato and Hibbett Sports.
    Request Owner's contact information
    1202 Jefferson Ter New Iberia, LA 70560
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    New Iberia, LA 70560
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1202 Jefferson Ter New Iberia, LA 70560
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