The Pines Mall went to auction on Monday where the opening bid began at $1.5 Million.
The online auction company listed the property as an investment opportunity for redevelopment.
The Pines Mall has been vacant since June 2020, and suffered fire damage earlier this year.
The auction website said the following about the property:
INVESTMENT HIGHLIGHTS
- Excellent investment opportunity to acquire a mall property easily accessible in the Pine Bluff market.
- Situated at the convergence of three major area highways Route 65, Route 79, and I-530.
- Prime options for redevelopment and adjacent to demand drivers such as the new Saracen Casino Resort.
- In a 10-mile radius there are over 53,000 residents that combine for an average household income of more than $54,000.
It is unknown at this time if the Mall sold at auction, or who any potential buyer is.
The property was listed for auction by David Elrod Real Estate.
