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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

2813 La-14 New Iberia, LA 70560

5,038 SF 0.74 ac lot
Property ID
Property summary
AI-generated overview

This exceptional commercial property presents a unique investment opportunity in New Iberia, Louisiana. The 5,038 square foot freestanding building, formerly a Ruby Tuesday restaurant, sits on a 0.74-acre lot with 61 parking spaces. Located at 2813 LA-14, this vacant property boasts excellent visibility and accessibility, situated along State Highway 14, a major thoroughfare averaging 23,000 vehicles per day. The C-2 General Commercial zoning allows for a wide range of potential uses, making it ideal for lease-up or redevelopment. The property benefits from a dense retail corridor with numerous national and credit tenants nearby, including Lowe's, Hobby Lobby, and many more, creating strong tenant synergy and increased consumer traffic. Its proximity to Iberia Middle School and Westgate High School further enhances its appeal. The 5-mile trade area boasts over 41,000 residents and 23,000 employees, with an average household income of $67,556. The property's features include a large pylon sign and ample parking. The asking price is $1,050,000, representing a fee simple interest (land and building ownership). The APN is 05 02716990A.

Property profile
Verified
Property type Retail properties & Spaces
Total area 5,038 SF
Lot 0.74 ac (32,234 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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