3000 Pines Mall Dr - Restaurant FOR SALE


Pine Bluff, AR 71601
$175,000 USD
305-206-1286
3000 Pines Mall Dr, Pine Bluff, AR for Sale
$175,000 USD
Restaurant - FOR SALE
1/12
null | Request Cap Rate

3000 Pines Mall Dr
Pine Bluff, AR 71601


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Former Red Lobster | Hard Corner | Lowe’s Shadow | AUCTION OCTOBER 19-21
  • Second-Generation Restaurant with Upside - ±4,183 SF former Red Lobster on 1.2 acres includes kitchen, cooler/freezer, and ±78 parking spaces.
  • Mall Redevelopment Adds Future Momentum - Adjacent former shopping center is slated for reuse, supporting renewed investment nearby.
  • Major Casino and Healthcare Demand Nearby - Saracen Resort sits ±1 mile away, with 300-bed Jefferson Regional Hospital located within ±4 miles.
  • Hard-Corner Exposure at Former Pines Mall - Frontage along E Harding Ave captures ±6,522 VPD at the entrance to a major planned redevelopment.
  • Regional Access Near US-65 and I-530 - Highway connectivity puts Little Rock ±45 miles away and links the site across southeast Arkansas.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$175,000 USD

PRICE/SF

$43 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Former Red Lobster

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

-

APN/PARCEL ID

931-53607-016

ASK ABOUT THIS PROPERTY

Philip KatesMarcus & MillichapMore Info
305-206-1286

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Philip KatesMarcus & MillichapMore Info
305-206-1286

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.