Tool Dr New Iberia, LA 70560
- Land
- 0.73 lot acres
Current Use by Public Records
- Land
Property Details for 0 Tool Dr
- Lot size
- 0.73 lot acres
- Property type
- Land
- Property subtype
- Industrial properties
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- New Iberia
- County
- Iberia Parish
- State
- Louisiana
- Longitude
- -91.8297
- Latitude
- 29.9729
