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    Tool Dr New Iberia, LA 70560

    For Sale
    $42,500

    Grocery-anchored, high-traffic location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional retail investment opportunity encompasses a 18.249-acre site in Medina County, featuring seven single-story buildings totaling 4,500 square feet of available space. Constructed in 1958 with renovations completed in 1997, the property boasts a Class B designation and is zoned C-G. The center benefits from a strong grocery store anchor tenant, ensuring consistent foot traffic and a stable tenant base. Ample parking is a key feature, with approximately 780 spaces available for customers and employees. The property's strategic location at the second largest signalized intersection in the county provides unparalleled visibility and accessibility. A signalized entrance further enhances convenience and ease of access. The property's APN is 00318D13048|2. This well-maintained retail center presents a rare opportunity to acquire a significant asset in a thriving commercial area. The existing infrastructure and high-traffic location make it ideal for a variety of retail uses, offering strong potential for both immediate income and long-term appreciation. The property's size and configuration offer flexibility for expansion or redevelopment, catering to the needs of a diverse range of businesses. With its established tenant base and prime location, this property represents a compelling investment opportunity.

    Property Features for 0 Tool Dr

    General Information

    Property type
    Land
    Lot Size
    31,799 SF

    HighLights

    • Retail property totaling 18.249 acres in Medina County.
    • Seven single‑story buildings totaling approximately 4,500 square feet of available space.
    • Grocery‑anchored center with ample parking (approx. 780 spaces).
    • Located at a high‑traffic, signalized intersection; second largest in the county.
    • Class B property, built in 1958, renovated in 1997; zoned C‑G.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Iberia
    County
    Iberia Parish
    State
    Louisiana
    Longitude
    -91.8297115
    Latitude
    29.9729044

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    FAQs

    What type of property is this?
    Land - Grocery-anchored, high-traffic location
    Where is this land located?
    The property is located at Tool Dr New Iberia, LA.
    What is the asking price?
    The asking price for this property is $42,500.
    What are key features of this property?
    This property features: Retail property totaling 18.249 acres in Medina County.; Seven single-story buildings totaling approximately 4,500 square feet of available space.; Grocery-anchored center with ample parking (approx. 780 spaces).
    Request Owner's contact information
    Tool Dr 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
    Tool Dr New Iberia, LA 70560
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