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    1116 Center St New Iberia, LA 70560

    Sponsored
    For Sale
    $299,000

    Industrial Warehouse, High Traffic Location

    Property size:
    4,032 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4,032 square foot warehouse, located at 1116 Center Street in New Iberia, Louisiana, presents a compelling investment opportunity. Priced at $299,000 ($74.16 per square foot), this single-tenant, single-story building sits on a 0.24-acre lot and offers convenient access to a high-traffic, four-lane road. The property is zoned C3 and boasts a 2,400 square foot retail storefront with excellent Center Street exposure, ideal for a variety of uses. Previously occupied by Mouton's Electrical Sales and Service, the warehouse provides ample space for storage and operations, complemented by five on-site parking spaces. The property's location in the heart of New Iberia ensures high visibility and easy access for both customers and employees. This NNN lease property offers a straightforward ownership structure, making it an attractive option for investors seeking a strong return on investment in a thriving Louisiana market. The building's history as a successful retail and service business suggests a strong potential for future tenants. The property's combination of warehouse space and prominent retail frontage makes it a versatile and attractive investment opportunity in a desirable location. The zip code is 70560, and the property is situated in Iberia Parish.

    Property Features for 1116 Center St

    General Information

    Property type
    Distribution properties
    Square Feet
    4,032 SF
    Lot Size
    10,454 SF

    Building Details

    Buildings
    1
    Stories
    1

    HighLights

    • $299,000 asking price for this mixed‑use industrial property.
    • 4,032 square foot warehouse on a 0.24‑acre lot in New Iberia, LA.
    • Single‑tenant, NNN lease.
    • Features a 2,400 SF retail storefront with high visibility on Center Street.
    • Five parking spaces available.
    • C3 zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Distribution centers

    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?
    Distribution property - Industrial Warehouse, High Traffic Location
    Where is this distribution property located?
    The property is located at 1116 Center St New Iberia, LA.
    What is the asking price?
    The asking price for this property is $299,000.
    What are key features of this property?
    This property features: $299,000 asking price for this mixed-use industrial property.; 4,032 square foot warehouse on a 0.24-acre lot in New Iberia, LA.; Single-tenant, NNN lease.
    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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