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Bank Independent 305 4th Ave SW 336 SF Retail Building Red Bay, AL 35582 $415,000 ($1,235.12/SF)



EXECUTIVE SUMMARY
Located at a prominent corner in the heart of Red Bay, Alabama, this highly functional commercial property offers outstanding visibility and accessibility. Currently operated as a drive-thru-only bank branch, the site features a well-maintained structure with an efficient layout ideal for financial institutions, pharmacies, quick-service restaurants, or any business requiring a vehicle-centric model. The building includes three drive-thru lanes and a dedicated fourth lane for an ATM, all under a covered canopy, making it a rare turn-key solution for high-volume customer interaction.
Sitting on a generous 0.95-acre lot, the property includes 22 off-street parking spaces and benefits from multiple access points along both 4th Avenue SW and 3rd Street SW. Its corner-lot positioning provides excellent visibility and strong signage potential, while the paved lot offers smooth traffic circulation for customers and employees. The existing structure is adaptable for a range of commercial uses, with a footprint that could easily be reconfigured to suit office, medical, or retail needs.
Red Bay is supported by a strong industrial base, anchored by major employers like Tiffin Motorhomes, a nationally recognized luxury RV manufacturer headquartered just minutes away. Other key businesses include Sunshine Mills, a leading pet food producer, and Gates Corporation, known for its advanced power transmission products. This economic foundation brings a reliable workforce and consistent demand for retail and service-based businesses, making this site a strong candidate for owner-users or investors seeking a high-utility asset in a stable regional market.
Sitting on a generous 0.95-acre lot, the property includes 22 off-street parking spaces and benefits from multiple access points along both 4th Avenue SW and 3rd Street SW. Its corner-lot positioning provides excellent visibility and strong signage potential, while the paved lot offers smooth traffic circulation for customers and employees. The existing structure is adaptable for a range of commercial uses, with a footprint that could easily be reconfigured to suit office, medical, or retail needs.
Red Bay is supported by a strong industrial base, anchored by major employers like Tiffin Motorhomes, a nationally recognized luxury RV manufacturer headquartered just minutes away. Other key businesses include Sunshine Mills, a leading pet food producer, and Gates Corporation, known for its advanced power transmission products. This economic foundation brings a reliable workforce and consistent demand for retail and service-based businesses, making this site a strong candidate for owner-users or investors seeking a high-utility asset in a stable regional market.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Bank
Building Size
336 SF
Building Class
C
Year Built
1972
Price
$415,000
Price Per SF
$1,235.12
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
0.91 AC
Frontage
128’ on 4TH AVE
PROPERTY TAXES
| Parcel Number | 07-04-20-0-003-020.000-0 | Improvements Assessment | $32,860 |
| Land Assessment | $7,520 | Total Assessment | $40,380 |
PROPERTY TAXES
Parcel Number
07-04-20-0-003-020.000-0
Land Assessment
$7,520
Improvements Assessment
$32,860
Total Assessment
$40,380
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Bank Independent | 305 4th Ave SW
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