Log In/Sign Up
Your email has been sent.
$1 Auction - REIT Sale | Former Red Lobster 3000 Pines Mall Dr 6,522 SF Retail Building Pine Bluff, AR 71601 $175,000 ($26.83/SF)
Investment Highlights
- ABSOLUTE $1 AUCTION | Former Red Lobster | Hard Corner | Lowe’s Shadow | AUCTION OCTOBER 19-21
- Mall Redevelopment Adds Future Momentum - Adjacent former shopping center is slated for reuse, supporting renewed investment nearby.
- Hard-Corner Exposure at Former Pines Mall - Frontage along E Harding Ave captures ±6,522 VPD at the entrance to a major planned redevelopment.
- Second-Generation Restaurant with Upside - ±4,183 SF former Red Lobster on 1.2 acres includes kitchen, cooler/freezer, and ±78 parking spaces.
- Major Casino and Healthcare Demand Nearby - Saracen Resort sits ±1 mile away, with 300-bed Jefferson Regional Hospital located within ±4 miles.
- Regional Access Near US-65 and I-530 - Highway connectivity puts Little Rock ±45 miles away and links the site across southeast Arkansas.
Executive Summary
Brokered by Marcus & Millichap, 3000 Pines Mall Drive in Pine Bluff, Arkansas is a vacant ±4,183 SF freestanding restaurant/retail building on ±1.2 acres offered significantly below replacement cost, presenting an attractive opportunity for owner-users, investors, or developers to acquire a highly visible restaurant asset at an exceptional basis. Built in 1995 and formerly occupied by Red Lobster, the Property includes a commercial kitchen, dining area, walk-in cooler/freezer, approximately 78 parking spaces, and existing restaurant infrastructure that may reduce startup costs for a new operator. The site occupies a hard-corner position fronting E Harding Avenue, which carries ±6,522 VPD, at the entrance to the former Pines Mall, where redevelopment is planned. Immediate access to US-65 and I-530 approximately 0.5 mile away provides regional connectivity toward Little Rock. Saracen Casino Resort is about 1 mile away, adding a major entertainment demand generator. CoStar reports retail market rents of approximately $8–$10 PSF NNN. B-2 Shopping Center zoning supports a broad range of retail, restaurant, commercial, and service uses, creating flexibility for lease-up, owner occupancy, adaptive reuse, or redevelopment.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
6,522 SF
Building Class
B
Year Built
1995
Price
$175,000
Price Per SF
$26.83
Tenancy
Single
Building Height
1 Story
Building FAR
0.12
Lot Size
1.21 AC
Frontage
Amenities
- Bus Line
- Pylon Sign
- Restaurant
- Signage
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 931-53607-016 | Improvements Assessment | $95,080 |
| Land Assessment | $30,020 | Total Assessment | $125,100 |
Property Taxes
Parcel Number
931-53607-016
Land Assessment
$30,020
Improvements Assessment
$95,080
Total Assessment
$125,100
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
