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    1116 Center St New Iberia, LA 70560

    Sponsored
    For Lease
    $1.52 SF/Yr ($510 /Mo)

    High-traffic location, 4,032 sq ft.

    Lot size:
    4,032 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 4,032 square foot free-standing retail building is ideally situated on Center Street in New Iberia, Iberia Parish, Louisiana. Boasting excellent visibility and high traffic counts due to its location on a four-lane road, this single-tenant property presents a remarkable opportunity for businesses seeking a prominent presence in a thriving community. Currently, 2,440 square feet of space is available for lease, offering ample room for a variety of retail ventures. The building sits on a 0.27-acre lot and is a single-story structure. Its previous occupant was Mouton's Electrical Sales and Service, demonstrating its suitability for a range of commercial uses. The property's prime location ensures high visibility and accessibility for customers, making it an attractive proposition for businesses aiming to establish a strong foothold in the New Iberia market. The building's size and layout offer flexibility for customization to meet specific business needs. This is a rare opportunity to acquire a well-positioned retail space in a desirable location. Serious inquiries are encouraged.

    Property Features for 1116 Center St

    General Information

    Property type
    Individual retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    4,032 SF
    Total Rate
    510.72

    Building Details

    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 1
    Size
    2,440 SF
    Rate per SF
    $1.52

    HighLights

    • 4,032 square foot retail building on a 0.27‑acre lot in Iberia Parish.
    • Single‑tenant, free‑standing building.
    • 2,440 square feet of vacant space available.
    • Located on high‑traffic Center Street in New Iberia.
    • Formerly occupied by Mouton's Electrical Sales and Service.
    Property Profile Location Intelligence

    Current Use by Public Records

    Freestanding property

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    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
    -91.8285763
    Latitude
    29.9944968

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    FAQs

    What type of property is this?
    Individual retail property - High-traffic location, 4,032 sq ft.
    Where is this individual retail property located?
    The property is located at 1116 Center St New Iberia, LA.
    What is the lease rate?
    The lease rate is $1.52 SF/Yr.
    What are key features of this property?
    This property features: 4,032 square foot retail building on a 0.27-acre lot in Iberia Parish.; Single-tenant, free-standing building.; 2,440 square feet of vacant space available.
    Request Owner's contact information
    1116 Center 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

    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
    1116 Center St New Iberia, LA 70560
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