Remarks
Stabilized office investment offering strong in-place rental rates, 100% occupancy, and an attractive 11.07% cap rate. The property is supported by a diversified tenant mix and consistent leasing performance, providing investors with immediate, durable cash flow and limited downside risk. Well-positioned within its market, this asset presents a compelling opportunity for yield-focused buyers seeking stable income with long-term hold potential. Completely renovated in 2017 and updated in 2026 Private off street parking on the corner of Weeks and Main Street. 100% leased NOI with 5% vacancy rate $76,984 11.07% cap rate owner agent
Details
- Listing ID:
- 2600004288
- Parish
- Iberia
- Area
- I2
- Subdivision
- None
- Financing
- Cash, Conventional
- Assessment
- 0501951000
- Legal Desc
- 1-97 x 172/152 ITEM 1 MAIN ST, SCHWING EST, WEEKS ST, DRAGO IMP. (222 E MAIN ST) ITEM 2
- Parking:
- Concrete
Interior
- Cooling
- Central Air, Zoned
- Heating
- Central, Electric, Zoned
Exterior
- Construction
- Other, Block
- Electricity
- 220 Volts
- Price Includes
- Real Estate
- Lot Description
- Level, Corner
- Features
- Employee Lounge, Handicap Design
- Roof
- Rubber
- Water Source
- Public
![Image Description]()
Location
- Directions
- From Lafayette, take US-90 East toward New Iberia for approximately 20 miles. Take the LA-14/Center Street exit into New Iberia and continue onto Center Street. From there, turn right onto Weeks Street, then turn left onto E Main Street. The destination, 222 E Main Street, will be located in downtown New Iberia near the corner of Main Street and Weeks Street.
- Parish
- Iberia
- Sub Type:
- Commercial
- Zoning:
- Commerical
