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540 Lafayette St Montgomery, AL 36104

Prime Riverfront Retail & Land Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
135
This exceptional 3.58-acre commercial property, located at 540 Lafayette Street in Montgomery, Alabama, presents a unique investment opportunity. Classified as Class D, this single-tenancy site boasts a prime downtown location directly on the Alabama River, adjacent to the Riverfront Amphitheater. Its strategic position offers unparalleled visibility and accessibility. The property's versatility allows for a wide range of uses, including restaurants, food trucks, or entertainment venues. Its proximity to key attractions and amenities makes it highly desirable. Within walking distance are the Montgomery Convention Center, MPAC, the Equal Justice Initiative (EJI) site, significant historical tourist destinations, the Biscuits Stadium, numerous hotels, restaurants, retail shops, and entertainment venues. The property also benefits from its proximity to a significant population base. Approximately 4,000 students attend Troy University Montgomery within four blocks, and over 35,826 employees work in downtown Montgomery. Furthermore, its location is just 1.5 miles from the I-85/I-65 interchange and 2.0 miles from Maxwell Air Force Base, serving 25,000 active duty personnel, guards, reserves, contractors, and retirees, with the Air Force University attracting over 20,000 attendees annually. This property offers substantial potential for significant returns due to its location, size, and diverse development possibilities. The zip code is 36104.

Highlights

  • 3.58-acre commercial lot at 540 Lafayette Street, Montgomery, AL 36104.
  • Class D single-tenancy property with prime downtown location on the Alabama River, adjacent to the Riverfront Amphitheater.
  • Highly visible and accessible location offering versatile development options, including restaurants and entertainment venues.
  • Excellent proximity to key attractions, including the Montgomery Convention Center, MPAC, EJI site, Biscuits Stadium, and numerous hotels and restaurants.
  • Strong demographics with nearby Troy University Montgomery (4,000 students) and over 35,826 downtown employees; also close to I-85/I-65 interchange and Maxwell Air Force Base.

Property Details for 540 Lafayette St

Property type
Specialty properties, Retail properties
RSF (Rentable sq. ft)
155,945 SF
Class
D

Unit(s) available at that property

Space
Size
155,945 SF

Location Insight

City
Montgomery
County
Montgomery
State
Alabama
Latitude
32.3843288
Longitude
-86.3121206

FAQs

What type of property is this?
Specialty property - Prime Riverfront Retail & Land Opportunity
Where is the specialty property located?
The property is located at 540 Lafayette St Montgomery, AL.
What are key features of this property?
This property features: 3.58-acre commercial lot at 540 Lafayette Street, Montgomery, AL 36104.; Class D single-tenancy property with prime downtown location on the Alabama River, adjacent to the Riverfront Amphitheater.; Highly visible and accessible location offering versatile development options, including restaurants and entertainment venues.
How can I contact the broker?
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540 Lafayette St
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