1502 Main StNew Iberia, LA 70560

  • Commercial real estate
  • 3.86 AC
For Sale
$550,000 View listing

Property Details for 1502 Main St

Lot size
3.86 AC
Property type
Commercial real estate
APN
05 01670000
APU
501670000

Description

This exceptional 50,020-square-foot retail and mixed-use property, located at 1502 E Main St, New Iberia, LA 70560, presents a unique investment opportunity. The property, situated on a 2.9-acre lot with frontage on both Main Street and St. Peter Street, is zoned C-4 and features a single, one-story building. Previously housing a grocery store (25,000+ sq ft) and a bowling alley (25,000+ sq ft), the space offers significant adaptability. The former grocery area boasts a sprinkler system, ample walk-in coolers and freezers, a loading dock, 12-foot ceilings, and 52+ foot column spacing, making it ideal for climate-controlled storage or a distribution center. Three additional loading docks are available. The property is offered for sale at $550,000 ($17.49/sq ft) with a NNN lease option also available. The former grocery store space is available for lease at $10,000/month NNN, while the former bowling alley space is available for lease at $4,250/month. The property's large size, versatile layout, and prime location make it an attractive proposition for a variety of businesses. The APN is 0501670000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $26,364,006
    Hospitality
    $24,149,288
    Educational
    $20,091,924
    Medical
    $20,782,916
    Retail
    $31,254,102

Location Insight

City
New Iberia
County
Iberia
State
Louisiana
Latitude
29.9935
Longitude
-91.7965
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
$9,675
$22,550
$83,869
$106,419
-
$225,500
$559,127
$784,627

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