REIT Sale | Former Red Lobster | Hard Corner | Lowe’s Shadow

Starting Bid $1

For Tours prior to auction, please email & **Tours will not be allowed after auction.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.

4,183 SF Former Red Lobster Building: Commercial kitchen and walk-in cooler/freezer remain intact from the prior restaurant use.

Hard Corner at Former Pines Mall Entrance: Site fronts E Harding Avenue, carrying approximately 6,522 vehicles per day in Pine Bluff.

Saracen Casino Resort One Mile Away: Major entertainment demand generator sits near US-65 and I-530 regional highway access.

$8 to $10 PSF NNN Estimated Market Rent: B-2 Shopping Center zoning supports broad retail, restaurant, and commercial service uses.