For Sale
$1,050,000

2813 La-14 New Iberia, LA 70560

Former Ruby Tuesday, prime location, high traffic.

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional commercial property presents a unique investment opportunity in New Iberia, Louisiana. The 5,038 square foot freestanding building, formerly a Ruby Tuesday restaurant, sits on a 0.74-acre lot with 61 parking spaces. Located at 2813 LA-14, this vacant property boasts excellent visibility and accessibility, situated along State Highway 14, a major thoroughfare averaging 23,000 vehicles per day. The C-2 General Commercial zoning allows for a wide range of potential uses, making it ideal for lease-up or redevelopment. The property benefits from a dense retail corridor with numerous national and credit tenants nearby, including Lowe's, Hobby Lobby, and many more, creating strong tenant synergy and increased consumer traffic. Its proximity to Iberia Middle School and Westgate High School further enhances its appeal. The 5-mile trade area boasts over 41,000 residents and 23,000 employees, with an average household income of $67,556. The property's features include a large pylon sign and ample parking. The asking price is $1,050,000, representing a fee simple interest (land and building ownership). The APN is 05 02716990A.

Highlights

  • 5,038 SF freestanding building on 0.74-acre lot with 61 parking spaces; former Ruby Tuesday's; asking price $1,050,000 fee simple.
  • Dense retail area with national/credit tenants (Lowe's, Hobby Lobby) and nearby schools.
  • Excellent visibility and access on State Hwy 14 (23,000 VPD); large pylon sign.
  • Strong demographics: 41,000+ residents and 23,000+ employees within a 5-mile radius; average household income $67,556.

Property Details for 2813 La-14

Property type
Retail properties, Restaurants
Square Feet
5,038 SF
Lot Size (sq. ft)
32,234 SF

Location Insight

City
New Iberia
County
Iberia Parish
State
Louisiana
Latitude
29.984997156738
Longitude
-91.854350659385

FAQs

What type of property is this?
Retail property - Former Ruby Tuesday, prime location, high traffic.
Where is the retail property located?
The property is located at 2813 La-14 New Iberia, LA.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: 5,038 SF freestanding building on 0.74-acre lot with 61 parking spaces; former Ruby Tuesday's; asking price $1,050,000 fee simple.; Dense retail area with national/credit tenants (Lowe's, Hobby Lobby) and nearby schools.; Excellent visibility and access on State Hwy 14 (23,000 VPD); large pylon sign.
How can I contact the broker?
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2813 La-14
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