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    301 Corinne St New Iberia, LA 70560

    Sponsored
    For Sale
    $647,000

    28,800 SF Warehouse/Distribution

    Property size:
    28,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 28,800-square-foot industrial property in New Iberia, Louisiana, presents a compelling owner-user opportunity. Located on a 2.27-acre fully fenced and concrete lot at the corner of South Corinne St, Washington Street, and W Pershing St, this single-story building offers significant advantages. The property boasts three loading docks and six dock-high doors, facilitating efficient loading and unloading. Inside, discover a comprehensive array of features including a sprinkler system, energy-efficient LED lighting, climate-controlled office space, and substantial storage racks enhanced by an alarm system. The 3,000 square feet of climate-controlled office space provides ample administrative area. Heavy lifting is simplified with an impressive crane system: two 6-ton, three 1-ton, and three 1-ton jib cranes, along with one 2,000 lb and two 1,100 lb rail-mounted cranes. The property is zoned I-1 Light Industrial and features six automatic overhead doors. The asking price is $647,000, translating to $25.17 per square foot. This turnkey operation is ready for immediate occupancy. The property's strategic location and extensive features make it an ideal choice for a variety of industrial and distribution businesses. The APN is 0504888500.

    Property Features for 301 Corinne St

    General Information

    Property type
    Manufacturing properties
    Square Feet
    28,800 SF
    Lot Size
    98,881 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • Two 6‑ton and three 1‑ton overhead cranes on rail, plus three 1‑ton jib cranes, one 2,000 lb crane, and two 1,100 lb cranes on rail.
    • Six automatic overhead doors and a loading dock.
    • Warehouse features include sprinklers, LED lighting, climate control, storage racks, and an alarm system.
    • 3,000 square feet of office space.
    • NNN lease.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    New Iberia
    County
    Iberia Parish
    State
    Louisiana
    Longitude
    -91.825059
    Latitude
    30.008238

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    FAQs

    What type of property is this?
    Manufacturing property - 28,800 SF Warehouse/Distribution
    Where is this manufacturing property located?
    The property is located at 301 Corinne St New Iberia, LA.
    What is the asking price?
    The asking price for this property is $647,000.
    What are key features of this property?
    This property features: Two 6-ton and three 1-ton overhead cranes on rail, plus three 1-ton jib cranes, one 2,000 lb crane, and two 1,100 lb cranes on rail.; Six automatic overhead doors and a loading dock.; Warehouse features include sprinklers, LED lighting, climate control, storage racks, and an alarm system.
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    301 Corinne St 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

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    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
    301 Corinne St New Iberia, LA 70560
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