6,000sf - 123 Banks Ave.

Industrial for Sale
Catylist Listing ID: 30163276
Property Subtypes: Industrial-Business Park, Manufacturing, Light Industrial, Warehouse/Distribution
Building Size (RSF): 6,000 SF
Gross Land Area: 0.35 Acres
Sale Price: $275,000
Unit Price: $45.83 PSF
Property Use Type: Vacant/Owner-User
Sale Terms: Cash to Seller, Owner Financing
Cap Rate: Undisclosed
Last Updated: 1/18/2018

Overview / Comments

This 6,000 square foot building, located in a centrally located light industrial area, is a value-add opportunity, and is priced accordingly. The facility includes 3,000sf of shop, 1,500sf of air conditioned lab type work space, & 1,500sf of air conditioned office space; please note that the office & lab space are very worn out & need to be remodeled, hence the reduced price.

A new roof was installed in 2013. The shop contains 3-phase power & a system of air lines. This property did NOT FLOOD in 2016.

Although it is not part of this listing, 201 Toledo Drive is a vacant lot which is adjacent to the rear of the building & serves as a 100' x 190' partially stabilized yard. The owner will consider selling 201 Toledo Drive along with 123 Banks.

Additional Details

Nearest MSA: Lafayette
County: Lafayette
Submarket/Township: G3
Zoning: IL
Property Located Between: Ambassador Caffery Parkway and Cameron St.
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Fair
Roof Type: Gable
Construction/Siding: Metal Siding
Parking Type: Surface
Amps: 880
Volts: 130
X-Phase: 3-Phase electricity
Heat Type: Electricity
Heat Source: Central
Air Conditioning: Evaporative Cooler
Lighting: Fluorescent
Internet Access: Cable
Part of Planned Development?: Yes
Lot Frontage: 100 feet
Lot Depth: 150 feet
Water Service: Municipal
Sewer Type: Municipal
Easements: Utilities
Legal Description: Lot 37 BLK 3 Roy Estates Inc.

Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 7,308 75,579 143,266
Median Age: 30.7 32.47 34.12
Households: 3,437 30,620 58,181


Photograph of Listing Agent

Joe Bouligny

The Lolley Group, LLC. Scott, LA 70583
LACDB Member
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