Diamond Bear Brewing Company Up for Auction
The future of Arkansas’ pioneering craft brewery, Diamond Bear Brewing Company, is now uncertain as it heads towards auction. Located in North Little Rock, the brewery has been a mainstay of the local craft beer scene, but its owner, Russ Melton, is looking to retire and potentially sell the facility. The real estate auction is set for October 25, 2024, unless a suitable offer comes in beforehand, which could change the course of the brewery’s future.
The facility, situated at 600 N Broadway Street, boasts 15,435 square feet of space, spread across 3.04 acres in a rapidly growing area of Central Arkansas. The property includes amenities like a loading dock, overhead doors, seven offices, and even living quarters. Its proximity to Dickey Stephens Park and the Argenta Arts District makes it an attractive option for restaurateurs and investors alike.
The real estate auction, conducted by Blackmon Auctions and Thomas Blackmon Realty, is scheduled to take place at 9:00 AM on October 25. Interested bidders must provide proof of available funds to register. The winning bidder will be subject to a 10% buyer’s premium and closing within 30 days. With no contingencies allowed, this auction is a rare opportunity to own a significant piece of local business history.
Thebrewery’s legacy extends beyond its North Little Rock facility. As a pioneer in Arkansas’ craft brewing industry, Diamond Bear has garnered a dedicated following and influenced a generation of brewers. While the brewery’s future is now uncertain, its impact on the local beer scene is undeniable, making this auction a critical moment in its legacy.
Regardless of the outcome, this event marks a significant shift for Diamond Bear Brewing Company and its place in Central Arkansas’ cultural landscape. Whether a new owner steps in to preserve the brewery’s spirit or a new venture arises, this auction will undeniably change the course of Diamond Bear’s history.
