Lender Driven Sale | Former IHOP | 91,677 VPD

Highlights:

• Strategic Retail Positioning:Located along primary corridor alongside notable retailers – Home Depot, Walmart, Public Storage, GoodYear, Pep Boys, Wendys, Shell, and others
• High-Visibility along HWY I-10: 339 feet of frontage; High traffic count of 91,677 vehicles per day
• Freestanding Former IHOP – Turnkey Restaurant Infrastructure: Approx. 5,141 SF building constructed in 2002; Existing kitchen layout, dining area, and site improvements support immediate reuse
• Flexible Commercial Use: 1.57 Acre C-3 Zoned ParcelExpansive 1.57 Acre Site allowing for a wide range of commercial uses including restaurant, retail, service, or redevelopment

Description:

Ri Marketplace Online Auction May 4th-6th, 2026
Register to bid on Marketplace:

https://rimarketplace.com/auction/3059/retail/new-orleans/la?utm_source=brevitas&utm_medium=listing&utm_campaign=external&utm_content=retail_3059


Marcus & Millichap and RI Marketplace are pleased to present the opportunity to acquire a freestanding, former restaurant property strategically positioned along a highly trafficked retail corridor. Surrounded by nationally recognized retailers including Home Depot, Walmart, and other major anchors, the Property benefits from strong co-tenancy and consistent consumer draw, making it well-suited for a variety of retail or service-oriented uses.

The Property features exceptional visibility and access along Interstate 10, with approximately 339 feet of frontage and exposure to over 91,000 vehicles per day. This high-traffic location provides significant branding and customer acquisition advantages for both owner-users and investors seeking prominent positioning within a dense commercial node.

Constructed in 2002, the approximately 5,141-square-foot building was formerly operated as an IHOP and includes existing restaurant infrastructure such as a full kitchen layout, dining area, and associated site improvements. This setup allows for immediate occupancy or a streamlined conversion for a new restaurant concept, reducing downtime and capital expenditures.

Situated on a 1.57-acre parcel zoned C-3, the Property offers substantial flexibility for a wide range of commercial applications. The expansive site accommodates potential reconfiguration, expansion, or redevelopment, presenting a compelling opportunity to reposition the asset in alignment with evolving market demand.


Lamar P. Fisher
Fisher Auction Company Inc.
License: 1983
Co: AB-424

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