Downtown Office Building with
For Sale
$250,000
557 S Lawrence St, Montgomery, AL 36104
Single office building configured as two suites with independent access and a shared courtyard.
Property Size2,014 SF
Price / SF$124.13
Days on Market121
Property Features for 557 S Lawrence St
General Information
Standard status
Active
Size
2,014 SF
Class
C
Property subtype
Multi Tenant Office
Zoning
T4-R
Additional Details
Opportunity Zone
Yes
Highway Access
Yes
Office Units
2
Amenities
shared courtyard
Building Details
Building Size
2,014 SF
Year Built
1980
Properties For Sale
at 557 S Lawrence St Contact us557 S. Lawrence St. Office Suite
Size
1,007 SF
Lease Type
Modified Gross
559 S. Lawrence St. Office Suite
Size
1,007 SF
Lease Type
Modified Gross
Listing Agency:
hodges commercial real estate
Listed By:
Paul Hodges · License #28068
(334) 280-2033
Source:
Thebrokerlist
Added: Jun 28
Changed: Oct 26
Last Checked: Oct 24 at 1:33PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of hodges commercial real estate
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Investment Insights
Based on property information with market context.
Located in Downtown Montgomery at 557–559 S. Lawrence Street, this T4-R zoned office building offers a versatile layout for office or professional use and possible adaptive reuse concepts. The property is a single 2,014± SF building currently configured as two 1,007± SF office suites, each with independent access and functional interior layouts.
A shared courtyard adds outdoor space that can be incorporated into future tenant or owner-occupied improvements. Inside, the building includes multiple private office areas, and the existing configuration is described as modifiable depending on future use, with interior finishes and final office count to be determined.
The property is positioned within the city’s urban core and is described as located within an Opportunity Zone. The remarks also note walkability to government buildings, the Alabama State Capitol, and the downtown business district, along with proximity to restaurants, coffee shops, and boutique businesses.
A shared courtyard adds outdoor space that can be incorporated into future tenant or owner-occupied improvements. Inside, the building includes multiple private office areas, and the existing configuration is described as modifiable depending on future use, with interior finishes and final office count to be determined.
The property is positioned within the city’s urban core and is described as located within an Opportunity Zone. The remarks also note walkability to government buildings, the Alabama State Capitol, and the downtown business district, along with proximity to restaurants, coffee shops, and boutique businesses.
Key Highlights
- Single 2,014± SF office building (built 1980) currently configured as two 1,007± SF office suites
- Each suite has independent access and functional layouts for flexible office use
- Shared courtyard adds outdoor space that can be incorporated into tenant or owner‑occupied improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,295
Cap Rate
8.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,900
$445.9K
Cap Rate 7%
$318,500
$318.5K
Cap Rate 9%
$247,722
$247.7K
Market Conditions
NOI Build-Up for 2,014 SF
Gross rent
$36.3K $18.00/SF
− Vacancy
−$6.5K −$3.24/SF
EGI
$29.7K $14.76/SF
− OpEx
−$7.4K −$3.69/SF
NOI
$22.3K $11.07/SF
Area
Montgomery, AL
Vacancy
18.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$445,900
Cap Rate 7%
$318,500
Cap Rate 9%
$247,722
Alternative Uses
Best Use
Office B
$318.5K
$278.7K – $371.6K
NOI $22,295 @ 7.0% cap · market cap 8.92%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$417.6K
$365.4K – $487.2K
NOI $29,234 @ 7.0% cap · market cap 11.69%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,481
Businesses Nearby
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Business Placement
Demographics for 36104, AL
9,021
Population
5,265
Households
1.7
Avg Household Size
31
Median Age
26%
College-Educated
76%
High-School Grad
10.5 sq mi
ZIP Area
859
Density / Sq Mi
$34,975
Median Household Income
$21,668
Median Earnings
$787
Median Rent
$121,200
Median Home Value
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Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Single office building configured as two suites with independent access and a shared courtyard.
Where is this office unit located?
The property is located at 557 S Lawrence St Montgomery, AL.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Single 2,014± SF office building (built 1980) currently configured as two 1,007± SF office suites; Each suite has independent access and functional layouts for flexible office use; Shared courtyard adds outdoor space that can be incorporated into tenant or owner‑occupied improvements
