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    Tool Dr New Iberia, LA 70560

    Sponsored
    For Sale
    $42,500

    .58 Acres, I-1 Zoning, $42,500

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.58-acre commercial land parcel presents a compelling investment opportunity in the thriving Regal Industrial Park of New Iberia, Louisiana. Located conveniently near Highway 90, this property boasts an I-1 zoning designation, opening doors to a wide array of industrial uses. The asking price is $42,500, translating to an attractive price per acre of $73,275. The lot's size provides ample space for development, making it ideal for businesses seeking a strategic location with convenient access to major transportation routes. The property's address is on Tool Drive, New Iberia, LA 70560, and its precise location is identified by the Assessor's Parcel Number (APN) 0202851400X. This is a rare opportunity to acquire a well-situated industrial lot in a dynamic area, offering significant potential for growth and return on investment. The property is ready for immediate development, presenting a streamlined path to realizing your business goals. Serious inquiries are encouraged to explore this promising investment prospect further. This land offers a unique blend of accessibility, zoning flexibility, and competitive pricing, making it an exceptional choice for discerning investors and developers.

    Property Features for 0 Tool Dr

    General Information

    Property type
    Land
    Lot Size
    25,265 SF

    HighLights

    • 0.58‑acre commercial lot in Regal Industrial Park, New Iberia, LA.
    • I‑1 zoning allows for diverse industrial uses.
    • $42,500 asking price ($73,275/acre).
    • Located near Highway 90 for convenient access to major transportation routes.
    • Address: Tool Drive, New Iberia, LA 70560; APN: 0202851400X.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    New Iberia
    County
    Iberia Parish
    State
    Louisiana
    Longitude
    -91.8297115
    Latitude
    29.9729044

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    FAQs

    What type of property is this?
    Land - .58 Acres, I-1 Zoning, $42,500
    Where is this land located?
    The property is located at Tool Dr New Iberia, LA.
    What is the asking price?
    The asking price for this property is $42,500.
    What are key features of this property?
    This property features: 0.58-acre commercial lot in Regal Industrial Park, New Iberia, LA.; I-1 zoning allows for diverse industrial uses.; $42,500 asking price ($73,275/acre).
    (337) 262-7873
    Request Owner's contact information
    Tool Dr 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
    Tool Dr New Iberia, LA 70560
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