Contacts

John Wolfner

Bracket Real Estate, Inc.

Property Details

Property Type Industrial
Property Size 80,344 SF
Lot Size 11.5 Acre
Zoning Commercial
Additional Rent Contact for pricing
# of Floors 1
Parking Spaces Avail. 40
Parking Ratio 0.50 / 1,000 SF
Property Tenancy Multi-Tenant
Building Class B
Year Built 2007
Date Updated Oct 3, 2024
Clear Height 18'

Bracket Real Estate, in tandem with Ten-X, is pleased to offer an industrial value-add, located at 3701 Avery Island Road, totaling 80,424 square feet and encompassing three warehouse structures constructed on 4.23 acres. The offering also includes two large undeveloped parcels of land located on each side of the industrial asset. The parcel to the left, when facing the buildings, totals 3.04 acres and offers a point of access on Avery Island Road. The parcel to the right, when facing the buildings, totals 4.21 acres and provides its own point of access. The developed parcel and the 3.04-acre parcel are both industrially zoned with a zoning code of I-1 (light industrial). The 4.23-acre parcel is zoned A-1 (low-density single-family residential development) and can be rezoned to fit future developmental needs.

3701 Avery Island Road boasts advantageous proximity to major retailers, demand drivers, and travel arteries, including US Highway 90 and State Route 14. The area is also home to a viable potential employee and economic pool; over 120 goods-producing businesses with nearly 2,300 employees are located within a three-mile radius of the property. The property is next door to Dollar General and is located near many national retailers, services, and food purveyors, including Tractor Supply, Lowe's, Enterprise, Waffle House, Chili's, and more. Acadian Regional Airport (KARA) lies less than 10 miles from the property.

New Iberia is located in the Lafayette industrial market. The market's vacancy rate is currently 2.9%, a 0.5% decrease over the past 12 months. Comparatively, market rents are around $9.60 per square foot, a 5.5% increase from a year ago. Employment growth has also continued to stimulate the market. In the past year, the number of jobs has increased by 0.9%. While the Lafayette market is smaller than most national markets, the current economic climate stands to foster worthy investments throughout the region.

Listed by Jennifer Stein with Jennifer Stein Real Estate, LA license #BROK.995688204-ACT.

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Getting around

7/100
Walk Score ®
28/100
Bike Score ®

Powered by Walk Score ®

Location

City New Iberia, LA
Zip Code 70560

Points of Interest

Food-N-Fun

1.17 miles
Exxon

1.23 miles
RaceWay

1.27 miles
Chevron

1.48 miles
Mobil

1.62 miles
Texaco

1.91 miles
Murphy USA

2.83 miles
Valero

2.87 miles

Get Wet Carwash

2.79 miles

Ruby Tuesday

1.21 miles
Wendy's

1.24 miles
Waffle House

1.24 miles
Chili's Grill & Bar

1.25 miles
El Chili Verde

1.31 miles
Burger King

1.48 miles
Concession Stand

1.71 miles
McDonald's

2.23 miles
Hardee's

2.26 miles
Pearl House

2.27 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Map of Property

3701 Avery Island Rd