501 Lewis StNew Iberia, LA 70560

Property Details for 501 Lewis St

Lot size

0.17 AC

Property type

Other commercial real estate

APN

05 02555501

APU

502555501

Description

This exceptional investment opportunity presents two commercial buildings totaling 3,801 square feet situated at 501 S Lewis St, New Iberia, LA 70560. The main building, boasting 2,905 square feet, is currently vacant and presents a blank canvas for a variety of uses. Originally constructed around 1950 as a grocery store, this sturdy structure features cinder block walls, a slab foundation, and a metal roof, showcasing its enduring strength and adaptability. Its history includes diverse previous tenants, ranging from a drive-through restaurant to an optometrist's office, highlighting its versatility. A secondary building of 896 square feet is currently occupied by a long-term tenant (please do not disturb). The property sits on a prominent Lewis Street frontage and is zoned C-3, offering flexibility for various commercial ventures. The asking price is $225,000, translating to $72.35 per square foot. The property consists of two single-story buildings. The property's APN is 0502555501. This is a single-tenancy property. This is a mixed-use property classified as an executive office. This is a rare opportunity to acquire a well-located, adaptable commercial property in a thriving Louisiana market.

• Alternative Use

  Use

  Valuation

  Residential

  $1,136,789

  Hospitality

  $1,041,293

  Educational

  $866,343

  Medical

  $896,138

  Retail

  $1,347,645

Location Insight

City

New Iberia

County

Iberia

State

Louisiana

Latitude

29.9944

Longitude

-91.8083

CBSA code

29180

CBSA name

LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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