The main commercial centre of Albert Park is situated along Bridport Street and features a collection of upmarket retailers and cafes. The shopping precinct then stretches south along Victoria Street all the way to the beach.
Albert Park's coastline consists of a straight expanse of wide, sandy beach flanked on one side by the pleasantly landscaped foreshore and the palm tree lined boulevard of Beaconsfield Parade, while on the other side are the calm waters of Port Phillip, ideal for swimming or boating activities. Attractions along the beach include the Kerferd Road pier with its cafe, the Plum Garland Memorial Playground which overlooks the beach, and the Sandbar Restaurant which opens out onto the sand offering water front dining.
Albert Park is characterised by the architecture of magnificent terrace homes and residences built in the first half of the 1900s. Grand boulevards such as Kerferd Road with its tree-lined wide central strip and the beachfront avenue of Beaconsfield Parade dotted with palm trees offer a lush outlook to complement the many parks and gardens that Albert Park provides.
Albert Park shares its name with the suburb's inland lake. Originally a series of swamps and lagoons, Albert Park Lake has been transformed into a magnificent recreational asset that is home to the Melbourne Sports & Aquatic Centre, a golf course, soccer stadium, over 20 sporting ovals as well as several sailing clubs. Each year, the road around the lake is transformed into the racetrack for the Australian Formula 1 Grand Prix.