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    312 Highway 90 New Iberia, LA 70560

    For Lease
    $7 SF/Yr ($3,000 /Mo)

    New Iberia industrial warehouse, high visibility.

    Lot size:
    4,800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional New Iberia, Louisiana industrial property boasts a 4,800-square-foot warehouse ideally situated on US Highway 90 East. The single-tenant building, constructed in 2003 and renovated in 2008, features a 14-foot ceiling height, two drive-in doors, and ample parking for twelve vehicles. The warehouse also includes a small office area with two restrooms, ready for air conditioning installation. Situated on a 1.65-acre lot, the property includes an additional 2,200-square-foot duplex. One side of the duplex is move-in ready with appliances and HVAC, offering potential rental income of $800 per month. The other side is unfinished, providing versatile space for storage, warehousing, or potential conversion into additional living quarters or office space. The property's zoning is Industrial I-1. The high-traffic location on Highway 90 (future I-49), with over 33,700 vehicles per day, offers exceptional visibility. Its proximity to Avery Island Road, where a planned eastbound exit off Highway 90 is anticipated, further enhances its strategic value. Access is convenient via Exit 129 off Highway 90, taking the northbound frontage road. The property's APN is 0101254000. This property presents a unique opportunity for investors seeking a combination of warehouse and potential rental income.

    Property Features for 312 Highway 90

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,800 SF
    Total Rate
    3000

    Building Details

    Year Built/Renovated
    2003/2008
    Buildings
    2
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 1
    Size
    4,800 SF
    Rate per SF
    $7

    HighLights

    • 4,800 SF warehouse on 1.65‑acre lot in New Iberia, LA, on US Highway 90 East.
    • Single‑tenant building (2003 construction, 2008 renovation) with 14' ceilings, two drive‑in doors, and 12+ parking spaces.
    • Includes a 2,200 SF duplex; one side is move‑in ready, generating potential $800/month rental income.
    • Metal warehouse exterior, siding on duplex; I‑1 zoning.
    • High‑traffic location (33,700+ VPD) on US Highway 90 (future I‑49), convenient access via Exit 129.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Distribution centers

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.848495286709
    Latitude
    29.976358176909

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    FAQs

    What type of property is this?
    Distribution property - New Iberia industrial warehouse, high visibility.
    Where is this distribution property located?
    The property is located at 312 Highway 90 New Iberia, LA.
    What is the lease rate?
    The lease rate is $7 SF/Yr.
    What are key features of this property?
    This property features: 4,800 SF warehouse on 1.65-acre lot in New Iberia, LA, on US Highway 90 East.; Single-tenant building (2003 construction, 2008 renovation) with 14' ceilings, two drive-in doors, and 12+ parking spaces.; Includes a 2,200 SF duplex; one side is move-in ready, generating potential $800/month rental income.
    Request Owner's contact information
    312 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
    312 Highway 90 New Iberia, LA 70560
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