2501 Lewis StNew Iberia, LA 70560

  • Other commercial real estate
  • 15.70 AC
For Sale
$975,000 View listing

Property Details for 2501 Lewis St

Lot size
15.70 AC
Property type
Other commercial real estate
APN
02 03090111
APU
203090111

Description

This exceptional 7-acre commercial property in New Iberia, Louisiana, presents a remarkable investment opportunity. Located at 2501 S Lewis St, this vacant land boasts significant frontage on S. Lewis Street, Regal Drive, Crown Drive, and Connie Rue Road, offering unparalleled visibility and accessibility. The property is zoned C-2, allowing for a wide range of commercial uses, including retail, office, and hospitality. Utilities are readily available, including water, sewage, and electricity, simplifying development plans. The asking price is $975,000, translating to $139,285 per acre, reflecting the land's high value and strategic location. Its proximity to Highway 90 ensures convenient access for customers and employees. The property's substantial size and versatile zoning make it ideal for a variety of commercial ventures, from large-scale retail developments to smaller office complexes. The APN is 0203090111. This is a rare chance to acquire a prime commercial parcel in a thriving Louisiana market. Don't miss this opportunity to build your business in a highly visible and accessible location.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $107,237,160
    Hospitality
    $98,228,664
    Educational
    $81,725,096
    Medical
    $84,535,744
    Retail
    $127,127,928
2501 Lewis St, New Iberia, Louisiana

Location Insight

City
New Iberia
County
Iberia
State
Louisiana
Latitude
29.9752
Longitude
-91.8331
CBSA code
29180
CBSA name
LAFAYETTE, LA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$47,872
$65,925
$543,681
$609,606
-
$659,250
$3,624,540
$4,283,790

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