Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    540 Lafayette St Montgomery, AL 36104

    For Lease
    Contact for pricing

    Prime Riverfront Retail & Land Opportunity

    Lot size:
    155,945 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    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.

    Property Features for 540 Lafayette St

    General Information

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

    Unit(s) available at that property

    Space
    Size
    155,945 SF

    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 Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Dental Office Spa & Massage Building Supply Hair Salon Wholesale Shop Nail Salon Pharmacy Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Montgomery
    County
    Montgomery
    State
    Alabama
    Longitude
    -86.3121206
    Latitude
    32.3843288

    Nearby Similar for Lease

    • $500 /Mo

      Office Suites in Sturbridge Office

      Office suites available for lease in Montgomery, Alabama.
      8191 Seaton Pl, Montgomery, AL 36116
      View Details
    • $2,400 /Mo
      2,439 SF

      Downtown Montgomery Commercial Space Available

      Prime downtown location suitable for retail, office, or restaurant.
      16 S Perry St, Montgomery, AL 36104
      View Details
    • $1.00 SF/Yr
      5,500 SF

      Maxwell Boulevard Restaurant Opportunity

      Prime location for restaurant or retail in Montgomery, Alabama.
      1020 Maxwell Blvd, Montgomery, AL 36104
      View Details
    • $20 SF/Yr
      61,878 SF

      Vaughn Plaza Retail Space

      61,878 SF shopping center with high occupancy and traffic.
      5040 Vaughn Rd, Montgomery, AL 36116
      View Details
    • Contact for pricing

      Spacious Industrial Facility with Office

      Large industrial space with corporate office near major transportation.
      2855 Selma Hwy, Montgomery, AL 36108
      View Details
    • Contact for pricing
      1,601 SF

      Centrally Located Professional Office Space

      Office space for rent with on-site parking and easy access.
      1425 Parkway Loop, Montgomery, AL 36116
      View Details

    FAQs

    What type of property is this?
    Specialty property - Prime Riverfront Retail & Land Opportunity
    Where is this 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.
    Request Owner's contact information
    540 Lafayette St Montgomery, AL 36104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    540 Lafayette St
    Montgomery, AL 36104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    540 Lafayette St Montgomery, AL 36104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.