Technical
Financial
Distress signals
Property profile

301 Corinne St New Iberia, LA 70560

OFF-MARKET
Warehouses
28,800 SF 2.27 ac lot
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Property summary

AI-generated overview

This exceptional 28,800-square-foot industrial property in New Iberia, Louisiana, presents a compelling owner-user opportunity. Located on a 2.27-acre fully fenced and concrete lot at the corner of South Corinne St, Washington Street, and W Pershing St, this single-story building offers significant advantages. The property boasts three loading docks and six dock-high doors, facilitating efficient loading and unloading. Inside, discover a comprehensive array of features including a sprinkler system, energy-efficient LED lighting, climate-controlled office space, and substantial storage racks enhanced by an alarm system. The 3,000 square feet of climate-controlled office space provides ample administrative area. Heavy lifting is simplified with an impressive crane system: two 6-ton, three 1-ton, and three 1-ton jib cranes, along with one 2,000 lb and two 1,100 lb rail-mounted cranes. The property is zoned I-1 Light Industrial and features six automatic overhead doors. The asking price is $647,000, translating to $25.17 per square foot. This turnkey operation is ready for immediate occupancy. The property's strategic location and extensive features make it an ideal choice for a variety of industrial and distribution businesses. The APN is 0504888500.

Property profile

Verified
Property type Warehouses
Total area 28,800 SF
Lot 2.27 ac (98,881 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

301 Corinne St New Iberia, LA 70560
New Iberia metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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