0 Tool Dr, New Iberia, LA 70560
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.