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Property profile & analytics
OFF-MARKET
Land

0 Tool Dr New Iberia, LA 70560

0.73 ac lot
Property ID
Property summary
AI-generated overview

This exceptional retail investment opportunity encompasses a 18.249-acre site in Medina County, featuring seven single-story buildings totaling 4,500 square feet of available space. Constructed in 1958 with renovations completed in 1997, the property boasts a Class B designation and is zoned C-G. The center benefits from a strong grocery store anchor tenant, ensuring consistent foot traffic and a stable tenant base. Ample parking is a key feature, with approximately 780 spaces available for customers and employees. The property's strategic location at the second largest signalized intersection in the county provides unparalleled visibility and accessibility. A signalized entrance further enhances convenience and ease of access. The property's APN is 00318D13048|2. This well-maintained retail center presents a rare opportunity to acquire a significant asset in a thriving commercial area. The existing infrastructure and high-traffic location make it ideal for a variety of retail uses, offering strong potential for both immediate income and long-term appreciation. The property's size and configuration offer flexibility for expansion or redevelopment, catering to the needs of a diverse range of businesses. With its established tenant base and prime location, this property represents a compelling investment opportunity.

Property profile
Verified
Property type Land
Lot 0.73 ac (31,799 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
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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