0 Tool Dr New Iberia, LA 70560
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.
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
Similar Nearby for Sale
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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.