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    718 Highway 90 New Iberia, LA 70560

    Sponsored
    For Sale
    $700,000

    23,000+ SF, Multi-Building Complex

    Property size:
    23,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity presents a versatile 23,000+ square foot industrial property ideally situated on Highway 90 in New Iberia, Louisiana. The property encompasses two buildings on a 2.3-acre lot, offering a blend of office and warehouse space perfect for diverse operational needs. The main warehouse boasts 14,507 square feet, featuring eight roll-up doors (six measuring 12'x14'), 14' eave heights, and an 18' ceiling height, further enhanced by a 5-ton crane on a rail system. A substantial covered wash rack (2,720 square feet) with 32' ceilings and 26' eaves adds significant functionality. An additional 5,000 square foot warehouse is located at the rear of the property, providing ample storage or production space. The two-story front office area totals over 4,000 square feet, offering comfortable administrative space. The property benefits from convenient access via Highway 90 and Meadow Lane, with eight loading docks facilitating efficient logistics. The property is zoned I-1 and features a fenced and stabilized yard. The asking price is $700,000, with an estimated annual tax liability of approximately $7,290.40. This property is offered as a NNN lease. The property's location offers proximity to the Port of Iberia, providing strategic advantages for distribution and logistics businesses. Ceiling heights range from 18' to 32'. The APN is 0100290995.

    Property Features for 718 Highway 90

    General Information

    Property type
    Life science properties
    Square Feet
    23,000 SF
    Lot Size
    100,188 SF

    Building Details

    Buildings
    2
    Stories
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Life science properties

    Suggested Use

    Restaurant Law Firm Spa & Massage Building Supply Wholesale Shop Hair Salon Auto Repair Shop Clothing Store Nail Salon Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia Parish
    State
    Louisiana
    Longitude
    -91.8435305
    Latitude
    29.9720088

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    FAQs

    What type of property is this?
    Life science property - 23,000+ SF, Multi-Building Complex
    Where is this life science property located?
    The property is located at 718 Highway 90 New Iberia, LA.
    What is the asking price?
    The asking price for this property is $700,000.
    Request Owner's contact information
    718 Highway 90 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
    718 Highway 90 New Iberia, LA 70560
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