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

Highlights:

• 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: Highway connectivity puts Little Rock ±45 miles away and links the site across southeast Arkansas.
• Major Casino and Healthcare Demand Nearby: Saracen Resort sits ±1 mile away, with 300-bed Jefferson Regional Hospital located within ±4 miles.
• Absolute $1 Auction: First Bid Meets Reserve!

Description:

For more information visit:
https://rimarketplace.com/auction/3379/retail/pine-bluff/ar?utm_source=brevitas&utm_medium=listing_paid&utm_campaign=october21_2026&utm_content=retail_3379


For Tours prior to auction, please email Kyle.Hynes@marcusmillichap.com & Philip.Kates@marcusmillichap.com
**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.


Location
Pine Bluff is the Jefferson County seat and a regional hub for healthcare, manufacturing, education, gaming, and government. The Property sits near US-65 and I-530, about 50 minutes from Little Rock, with Saracen Casino Resort ±1 mile away. The 5-mile trade area includes ±30,407 residents with average household income above $68,000, supporting broad commercial demand.


Bidding Opens
Oct 20 12:00 AM
Bidding Closes
Oct 22 12:00 AM

Documents: