3701 Avery Island RdNew Iberia, LA 70560

Property Details for 3701 Avery Island Rd

Lot size

4.23 AC

Property type

Commercial real estate

APN

01 04105000

APU

104105000

Description

This exceptional New Iberia, LA industrial property offers 80,344 square feet of space across three buildings on an 11.5-acre lot. Built in 2007, this Class B property features 13 loading docks and 18-foot ceilings, currently at 34% occupancy with a projected occupancy date of October 1, 2024. The property includes 40 parking spaces and is zoned for commercial use. Three separate parcels comprise the site: the main 4.23-acre parcel with the existing buildings, and two additional developable parcels totaling 7.25 acres. One adjacent parcel (3.04 acres) is zoned I-1 (light industrial), while the other (4.21 acres) is zoned A-1 (low-density residential) and offers rezoning potential. The property benefits from a prime location, approximately 35 minutes from Lafayette, LA, with convenient access to US Highway 90 and State Route 14. Its proximity to major retailers like Dollar General, Lowe's, and Enterprise, coupled with a strong local employment base including Turner Industries, Ochsner Health, and Halliburton, presents a significant value-add opportunity through lease-ups and rental rate increases. The Lafayette industrial market shows strong growth, with a current vacancy rate of 2.9% and year-over-year rent growth of 5.5%. This property presents a compelling investment opportunity in a thriving market. The property's APN is 0104103000, 0104104000, and 0104105000.

• Alternative Use

  Use

  Valuation

  Residential

  $28,893,632

  Hospitality

  $26,466,412

  Educational

  $22,019,744

  Medical

  $22,777,038

  Retail

  $34,252,936

Location Insight

City

New Iberia

County

Iberia

State

Louisiana

Latitude

29.9684

Longitude

-91.8601

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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