0 Labit Rd New Iberia, LA 70560
This 4.66-acre property, located in Broussard, Louisiana, presents a unique investment opportunity. Situated near Highway 90, it offers convenient access to essential amenities such as grocery stores, restaurants, and hospitals. The property's zoning permits commercial, farm, and residential uses, providing exceptional flexibility for potential development. Its unrestricted nature allows for a wide range of possibilities, from industrial projects to a tranquil residential setting. The land's proximity to Forum Drive in Broussard (approximately 1200 feet) further enhances its appeal for industrial development. The asking price is $200,000, translating to approximately $42,918 per acre. The property's address is Labit Rd, Broussard, LA 70560, with GPS coordinates of 30.0666288 latitude and -91.922885 longitude. Any existing lease on the property expires on April 10, 2025. This versatile land parcel offers significant potential for a variety of uses, making it an attractive investment in a desirable location.
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
Similar Nearby for Lease
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.