705 Bayard StNew Iberia, LA 70560

Property Details for 705 Bayard St

Lot size

1.45 AC

Property type

Commercial real estate

APN

05 04611010

APU

504611010

Description

This exceptional 25,776 square foot office building, situated on a generous 2.2-acre lot in New Iberia, Louisiana, presents a compelling investment opportunity. Currently vacant, this traditional office building offers significant potential for redevelopment or continued use as office space. Previously utilized as a state-leased facility for health and human resources, the building features numerous small offices and conference rooms, providing a flexible layout adaptable to various needs. The asking price is $650,000, translating to $25.22 per square foot. The property's size and existing infrastructure make it suitable for a variety of uses. Consideration could be given to repurposing the building into residential apartments, capitalizing on the substantial square footage and ample land. Alternatively, the building's layout and climate control capabilities could be leveraged for conversion into a climate-controlled storage facility. Located at 705 Bayard Street, New Iberia, LA 70560, this property offers convenient access within Iberia Parish. This is a rare opportunity to acquire a substantial commercial property in a desirable location with significant upside potential. The building's history as a state-leased facility speaks to its structural integrity and suitability for various commercial applications. Don't miss this chance to secure a prime piece of New Iberia real estate.

• Alternative Use

  Use

  Valuation

  Residential

  $9,903,675

  Hospitality

  $9,071,713

  Educational

  $7,547,559

  Medical

  $7,807,131

  Retail

  $11,740,647

Location Insight

City

New Iberia

County

Iberia

State

Louisiana

Latitude

29.9799

Longitude

-91.8033

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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