$1 Auction - REIT Sale | Former Red Lobster | Hard… — Sale in Pine Bluff, AR

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Pine Bluff, AR 71601

Photos

$1 Auction - REIT Sale | Former Red Lobster | Hard… — Sale in Pine Bluff, AR, photo 1 of 6
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Description

Register to Bid and Access Due Diligence Documents on RealINSIGHT Marketplace - https://rimarketplace.com/auction/3379/retail/pine-bluff/ar Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 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. Investment 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. • Hard-Corner Exposure at Former Pines Mall - Frontage along E Harding Ave captures ±6,522 VPD at the entrance to a major planned redevelopment. • Mall Redevelopment Adds Future Momentum - Adjacent former shopping center is slated for reuse, supporting renewed investment nearby. • Regional Access Near US-65 and I-530 -

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