120 Banks Avenue, Lafayette, LA 70506 (MLS# 2600002319)

120 Banks Avenue, Lafayette, LA 70506

$1,200,000
Property Type: Commercial Lease Baths: 5 Square Footage: 18,204 Lot Size (sq. ft.): 52,708 Status: Active
Current Price: $1,200,000 List Date: 3/20/2026 Last Modified: 3/20/2026

Description

120 Banks Avenue is more than just a commercial property -- it's a fully integrated business hub with the flexibility to grow, scale, and generate income. Spanning ±18,204 square feet, this facility is designed to support everything under one roof -- from leadership and client-facing operations to manufacturing, storage, and distribution. The property features over 2,000 square feet of professional office space, a 400 square foot boardroom overlooking the production floor, and a 6,000+ square foot climate-controlled manufacturing area equipped with upgraded electrical systems and compressed air. Supporting spaces include a 5,300+ square foot warehouse, a 2,400+ square foot garage/workshop with roll-up access, and a dedicated office within the manufacturing area for on-site management. The space creates options -- operate your entire business in one centralized location, expand into additional space over time, or lease out unused office or warehouse areas to offset expenses and generate income for your business. Four roll-up doors, approximately 350 feet of road frontage, and 3 minutes to I-10 make logistics, visibility, and accessibility seamless. Additional features include a 1,000+ square foot employee area with kitchen, lounge, and storage, five restrooms throughout the building, and 25 striped parking spaces with the ability to expand to approximately 65. Positioned in Flood Zone X and Census Tract 6.02. While not located within a designated Enterprise Zone, businesses may still qualify for Louisiana Enterprise Zone incentives based on job creation and employee eligibility -- buyer to verify. Zoned IL, which supports a wide range of industrial and commercial uses -- making it an ideal fit for owner-users, investors, or businesses looking for a space that can adapt as they grow.

Supplements: ********

More Information MLS# 2600002319

Listing Info

Delayed Marketing: No For Sale: Yes For Lease: Yes List Price/SqFt: 65.92 For Lease Price: 6 Per: SqFt Date Available: 2026-04-01 Document Modified: 2026-03-20 15:50:10.298656 Status: Active Listing Date: 2026-03-20 Listing Price: 1200000 Current Price: $1,200,000 Modification Timestamp: 2026-03-20T20:58:45Z Photo Modified: 2026-03-20T20:50:10Z

Location, Tax & Legal Info

Flood Zone: X Legal Desc: Lots 10 11 12 Blk 1 Roy Estates (300X150) Adjacent Strip Of Land (50X150) (More/Less) (Between Lots 12 & 13)

Location

Industrial Park: 1 Office Park: 1

General Property Description

Approximate Age: 21 - 30 Years Condition: Excellent Lot Dimensions: 300X150 Stories: 1 SqFt - Total: 18204 SqFt - Source: Approximate Mineral Rights: Reserved Property Condition: Resale Acreage Range: 1 - 2.99 SqFt - Retail: 2000 SqFt - Office: 2000 SqFt - Warehouse: 14204 Elevator: No # Offices: 5 # Cranes: 0 # Overhead Doors: 4 # Parking Spaces: 65 Acres: 1.21 Total Baths: 5

Sale/Lease Info

Lease Purchase: No CAM Fee: 0 CAM Fee SF/Yr: SF Est Bldg Ins: 8,000 Sublease: No Deposit: 9102 Min Terms (Yrs): 3 Tenant Deductible: 0

Remarks & Misc

Remarks: 120 Banks Avenue is more than just a commercial property -- it's a fully integrated business hub with the flexibility to grow, scale, and generate income. Spanning ±18,204 square feet, this facility is designed to support everything under one roof -- from leadership and client-facing operations to manufacturing, storage, and distribution. The property features over 2,000 square feet of professional office space, a 400 square foot boardroom overlooking the production floor, and a 6,000+ square foot climate-controlled manufacturing area equipped with upgraded electrical systems and compressed air. Supporting spaces include a 5,300+ square foot warehouse, a 2,400+ square foot garage/workshop with roll-up access, and a dedicated office within the manufacturing area for on-site management. The space creates options -- operate your entire business in one centralized location, expand into additional space over time, or lease out unused office or warehouse areas to offset expenses and generate income for your business. Four roll-up doors, approximately 350 feet of road frontage, and 3 minutes to I-10 make logistics, visibility, and accessibility seamless. Additional features include a 1,000+ square foot employee area with kitchen, lounge, and storage, five restrooms throughout the building, and 25 striped parking spaces with the ability to expand to approximately 65. Positioned in Flood Zone X and Census Tract 6.02. While not located within a designated Enterprise Zone, businesses may still qualify for Louisiana Enterprise Zone incentives based on job creation and employee eligibility -- buyer to verify. Zoned IL, which supports a wide range of industrial and commercial uses -- making it an ideal fit for owner-users, investors, or businesses looking for a space that can adapt as they grow.

Office/Member/Contract Info

List AOR: RAA

Property Type

Industrial: 1

Price Includes

Real Estate: 1

Parking

Concrete: 1 Limestone/Shell: 1 On Site: 1 Parking Lot: 1

Road Frontage

Paved: 1 Public Street: 1

Construction

Metal Siding: 1

Features

Employee Lounge: 1 Fire Sprinklers: 1 Handicap Design: 1

Foundation

Slab: 1

Lot Description

Level: 1

Exterior

Door Sign: 1 Fully Fenced: 1 OH Door < 10 Ft: 1 Roof Sign: 1

Roof

Metal: 1

Heating

Central: 1

Cooling

Central Air: 1

Gas

Available: 1 On Property: 1

Flooring

Concrete: 1 Other: 1

Electricity

200+ Amps: 1 3 Phase: 1

Sewer

Public Sewer: 1 Sewer Company: LUS

Water Source

Public: 1 Water Company: LUS

Documents

Appraisal: 1 Floor Plan: 1

Security Features

Security System: 1 Smoke Alarm: 1

Landlord Pays

None: 1

Financing

1031 Exchange: 1 Cash: 1 Conventional: 1 Other: 1

Documents List

Flood Determination Disclosure: 1 Floor Plan: 1

Originating Details

Originating System ID: M00000300 Originating System Key: 20251222160220506961 Originating System Listing ID: 2600002319 Originating System Name: RAA Flex

Location Tax Legal Info

Street Number: 120 Street Name: Banks St Suffix: Avenue Parish: Lafayette State: LA Zip Code: 70506 Subdivision: Roy Estates II Area: G3 Tax Assessment Number: 6045923 Zone: IL Directions: From I-10 Head southeast on Exit 100, Turn right onto US-167, Turn left onto US-90 E, Turn right onto Banks Ave. Building will be on your right.

Property Features

Property Type: Industrial Location: Industrial Park; Office Park Road Frontage: Paved; Public Street Features: Employee Lounge; Fire Sprinklers; Handicap Design Exterior: Door Sign; Fully Fenced; OH Door < 10 Ft; Roof Sign Heating: Central Cooling: Central Air Gas: Available; On Property Electricity: 200+ Amps; 3 Phase Sewer: Public Sewer Water Source: Public Construction: Metal Siding Roof: Metal Flooring: Concrete; Other Documents: Appraisal; Floor Plan Lot Description: Level Landlord Pays: None Parking: Concrete; Limestone/Shell; On Site; Parking Lot Foundation: Slab Financing: 1031 Exchange; Cash; Conventional; Other Price Includes: Real Estate Security Features: Security System; Smoke Alarm Documents List: Flood Determination Disclosure; Floor Plan
Listing Office: Real Broker, LLC
IDX
Last Updated: March - 20 - 2026
The data relating to real estate for sale or lease on this website comes in part from the IDX program of the REALTOR® Association of Acadiana MLS. The IDX information is provided exclusively for consumers’ personal, non-commericial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.