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    90/Hwy14 Development Hwy New Iberia, LA 70560

    For Sale
    $14,000,000

    Prime New Iberia location, 57 acres, major highway access.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional commercial development opportunity in New Iberia, Louisiana, offers 1 to 57 acres of land for sale, priced from $200,000 to $300,000 per acre. Located at the intersection of Highways 90 and 14, this site boasts unparalleled visibility and accessibility, providing easy access to New Iberia, Delcambre, and Abbeville. The property is zoned for a wide variety of commercial uses, including hotels, big-box retail, restaurants, and fast food establishments. A Love's Travel Center is already under construction nearby, further enhancing the area's appeal and attracting significant traffic. Major utilities, including sewer and water, are currently being installed, making this a turnkey development opportunity. Highway 90 service road frontage and Highway 14 access ensure excellent visibility and convenient access for customers. Future plans for Highway 90 to become an interstate will significantly increase the property's value and strategic importance as a major exit point. The proximity to a new $1.1 billion First Solar facility adds to the area's economic growth potential. This is a rare chance to secure a prime location in a rapidly developing area with high traffic volume and diverse commercial potential. Parcel sizes and pricing vary depending on location and acreage. Contact us today to learn more about this exciting investment opportunity.

    Property Features for 90/Hwy14 Development Hwy

    General Information

    Property type
    Lifestyle centers
    Lot Size
    43,560 SF

    HighLights

    • Prime retail location in New Iberia, LA.
    • 56 acres available for development near a new Love's Travel Center, suitable for hotels, big‑box retail, restaurants, and fast food.
    • Excellent corner location at the intersection of two major highways in New Iberia, LA.
    • Utilities currently being installed.
    • Highway 90 service road frontage and Highway 14 access.
    • Wide variety of permitted commercial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Lifestyle centers

    Map

    City
    New Iberia
    County
    Iberia
    State
    Louisiana
    Longitude
    -91.861908957416
    Latitude
    29.984820646155

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    FAQs

    What type of property is this?
    Lifestyle center - Prime New Iberia location, 57 acres, major highway access.
    Where is this lifestyle center located?
    The property is located at 90/Hwy14 Development Hwy New Iberia, LA.
    What is the asking price?
    The asking price for this property is $14,000,000.
    What are key features of this property?
    This property features: Prime retail location in New Iberia, LA.; 56 acres available for development near a new Love's Travel Center, suitable for hotels, big-box retail, restaurants, and fast food.; Excellent corner location at the intersection of two major highways in New Iberia, LA.
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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
    90/Hwy14 Development Hwy New Iberia, LA 70560
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