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    2501 Lewis St New Iberia, LA 70560

    Sponsored
    For Sale
    $975,000

    7 Acres, Vacant, C-2 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 7-acre commercial property in New Iberia, Louisiana, presents a remarkable investment opportunity. Located at 2501 S Lewis St, this vacant land boasts significant frontage on S. Lewis Street, Regal Drive, Crown Drive, and Connie Rue Road, offering unparalleled visibility and accessibility. The property is zoned C-2, allowing for a wide range of commercial uses, including retail, office, and hospitality. Utilities are readily available, including water, sewage, and electricity, simplifying development plans. The asking price is $975,000, translating to $139,285 per acre, reflecting the land's high value and strategic location. Its proximity to Highway 90 ensures convenient access for customers and employees. The property's substantial size and versatile zoning make it ideal for a variety of commercial ventures, from large-scale retail developments to smaller office complexes. The APN is 0203090111. This is a rare chance to acquire a prime commercial parcel in a thriving Louisiana market. Don't miss this opportunity to build your business in a highly visible and accessible location.

    Property Features for 2501 Lewis St

    General Information

    Property type
    Land
    Lot Size
    304,920 SF

    HighLights

    • $975,000 asking price.
    • 7‑acre commercial land parcel in New Iberia, LA.
    • C‑2 zoning.
    • Vacant land with water, sewer, and electricity available.
    • Located minutes from Hwy 90, with frontage on S. Lewis St, Regal Dr, Crown Dr, and Connie Rue Rd.
    • Land value: $139,285/acre.
    Property Profile Location Intelligence

    Current Use by Public Records

    Service Tool Co Warehouse

    Suggested Use

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

    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
    -91.8335097
    Latitude
    29.974541

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    FAQs

    What type of property is this?
    Land - 7 Acres, Vacant, C-2 Zoning
    Where is this land located?
    The property is located at 2501 Lewis St New Iberia, LA.
    What is the asking price?
    The asking price for this property is $975,000.
    What are key features of this property?
    This property features: $975,000 asking price.; 7-acre commercial land parcel in New Iberia, LA.; C-2 zoning.
    Request Owner's contact information
    2501 Lewis St 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
    2501 Lewis St New Iberia, LA 70560
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