Freestanding Restaurant with Commercial
For Sale
Contact for pricing
3000 Pines Mall Dr, Pine Bluff, AR 71601
Vacant restaurant facility with existing dining, kitchen, cooler, freezer, and parking infrastructure for adaptive commercial use.
Property Size4,183 SF
Lot Size1.20 Acres
Days on Market47
Property Features for 3000 Pines Mall Dr
General Information
Standard status
Active
Size
4,183 SF
Total Parking Spaces
78
Lot size
1.20 Acres
Property subtype
Vacant-User
Zoning
B-2
Site & Location
Corner Location
Yes
Traffic Count
6,522 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Equipment Included
Yes
Amenities
commercial kitchen
walk-in cooler/freezer
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 - 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!
Building Details
Building Size
4,183 SF
Year Built
1995
Buildings
1
Tenancy
Single
Listing Agency:
Fort Lauderdale Office
Listed By:
Philip Kates · License #License(s): FL: SL3235872, NC: LC1044
(954) 245-3408
Source:
Marcusmillichap
Added: Sep 9
Changed: Oct 23
Last Checked: Oct 24 at 1:23PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fort Lauderdale Office
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Investment Insights
Based on property information with market context.
This vacant freestanding restaurant building contains approximately 4,183 square feet on roughly 1.2 acres. Constructed in 1995, the property includes a commercial kitchen, dining area, walk-in cooler and freezer, restaurant infrastructure, and approximately 78 parking spaces. The building was formerly occupied by Red Lobster.
The site fronts E Harding Avenue at a hard-corner position near the entrance to the former Pines Mall. E Harding Avenue carries approximately 6,522 VPD, while US-65 and I-530 are approximately 0.5 mile away. Saracen Casino Resort is about 1 mile from the property. B-2 Shopping Center zoning supports retail, restaurant, commercial, and service uses.
The site fronts E Harding Avenue at a hard-corner position near the entrance to the former Pines Mall. E Harding Avenue carries approximately 6,522 VPD, while US-65 and I-530 are approximately 0.5 mile away. Saracen Casino Resort is about 1 mile from the property. B-2 Shopping Center zoning supports retail, restaurant, commercial, and service uses.
Key Highlights
- Approximately 4,183 SF freestanding restaurant building on ±1.2 acres
- Commercial kitchen, dining area, walk‑in cooler/freezer, and existing restaurant infrastructure
- Approximately 78 parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,564
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,280
$391.3K
Cap Rate 7%
$279,486
$279.5K
Cap Rate 9%
$217,378
$217.4K
Market Conditions
NOI Build-Up for 4,183 SF
Gross rent
$30.1K $7.20/SF
− Vacancy
−$2.2K −$0.52/SF
EGI
$27.9K $6.68/SF
− OpEx
−$8.4K −$2.00/SF
NOI
$19.6K $4.68/SF
Area
Jefferson County, AR
Vacancy
7.20%
Lease Rate
$7.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$391,280
Cap Rate 7%
$279,486
Cap Rate 9%
$217,378
Alternative Uses
Best Use
Specialty Retail
$753.5K
$659.3K – $879.1K
NOI $52,743 @ 7.0% cap · market cap 5,274,300.00%
Second Best
Retail
$586.0K
$512.8K – $683.7K
NOI $41,023 @ 7.0% cap · market cap 4,102,300.00%
Theoretical Best
Office A
$1.07M
$938.4K – $1.25M
NOI $75,072 @ 7.0% cap · market cap 7,507,200.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
6,522 VPD
Traffic count
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
176
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 71601, AR
13,881
Population
6,573
Households
2.1
Avg Household Size
34
Median Age
15%
College-Educated
86%
High-School Grad
115.4 sq mi
ZIP Area
120
Density / Sq Mi
$36,688
Median Household Income
$23,586
Median Earnings
$802
Median Rent
$67,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Vacant restaurant facility with existing dining, kitchen, cooler, freezer, and parking infrastructure for adaptive commercial use.
Where is this conventional restaurant located?
The property is located at 3000 Pines Mall Dr Pine Bluff, AR.
What are key features of this property?
This property features: Approximately 4,183 SF freestanding restaurant building on ±1.2 acres; Commercial kitchen, dining area, walk‑in cooler/freezer, and existing restaurant infrastructure; Approximately 78 parking spaces
