540 Lafayette St Montgomery, AL 36104

Property Details for 540 Lafayette St

Lot size

3.58 lot acres

Zone code

T2

Property type

Sports & entertainment properties

APN

11-01-12-1-000-019.003

APU

1101121000019003

Description

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.

Location Insight

City

Montgomery

County

Montgomery

State

Alabama

Longitude

-86.3124

Latitude

32.3844

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments