Rare Historic Downtown New Iberia Mixed-Use Property – Restaurant, Condos & Penthouse in Opportunity Zone

Mixed-use redevelopment opportunity located in New Iberia’s Downtown Historic District, positioned among the area’s dining, nightlife, and Bayou Teche activity. The building totals approximately 14,972 SF across four levels, excluding balconies, based on architectural plans. The proposed layout includes approximately 4,300 SF on the main level, 4,680 SF on the second floor, 4,704 SF on the third floor, and a 1,288 SF penthouse/fourth-floor suite.

The property is a one-of-a-kind restoration project, estimated to be approximately 45% complete. The building has been fully reinforced and is currently down to the studs. The ground floor is raw space down to the dirt floor, with architectural drawings showing a proposed restaurant/bar concept on the main level.

The second, third, and penthouse levels are studded for eight total residential units, including four units on the second floor, three units on the third floor, and one penthouse suite. The second and third floors include balconies overlooking both Main Street and Bayou Teche, with proposed private parking located at the rear of the property. The building was also constructed for elevator service, with an existing elevator shaft in place for future installation.

Located in an Opportunity Zone.