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1704 S Lewis St
New Iberia, LA 70560

$725,000 USD

Auto Repair For Sale  •  9,845 SF

Property Details

• Property Type Auto Repair
• Total Building Size 9,845 SF
• Lot Size 1.4 AC
• Building Class C
• Year Built 1990
• Tenancy Multiple

0 Transit Score

42 Walk Score

Highlights

Automotive Repair Investment with National Tenant

Attractive 7.10% Cap Rate | 1.5% Annual Rent Bumps

Business Recently Acquired by Gerber Collision| 700+ Locations

20% Below Market Rent at $5.78/SF (According to CoStar) | Allows for Sustainable Long-Term Commitment to the Location

Recent Capital Expenditures include New HVAC Units, Roof & External Metal Siding

Upside through Leasing 1,700 SF of Office Space

Public Transportation

Commuter Rail	Drive	Walk	Distance
New Iberia Amtrak (Sunset Limited - Amtrak)	6 min	-	3.2 mi
Airport	Drive	Walk	Distance
Lafayette Regional/Paul Fournet Field	28 min	-	22.6 mi