What is the asking price for Lender Driven Sale | Former IHOP | 91,677 VPD?

Please use the contact form to get in touch with a broker and find out more about renting space here.

What is the total size of Lender Driven Sale | Former IHOP | 91,677 VPD?

The property has a total square footage of 5,141 SF.

When was this property built?

Lender Driven Sale | Former IHOP | 91,677 VPD was built in 2002.

How many parking spaces are available at Lender Driven Sale | Former IHOP | 91,677 VPD?

Parking information for the property isn't currently listed. However, other nearby parking options include The New Orleans HEaling Center Side Parking Lot, located 8.23 miles away , and Lake Vista park Parking, which is 8.28 miles away.

12150 Interstate I-10 Service Rd, New Orleans, LA 70128

For Sale Contact for pricing
Property Type Retail - Free Standing Bldg
Property Size 5,141 SF
Lot Size 1.57 Acre
Year Built 2002
Date Updated May 12, 2026
Visibility/Traffic Count (VPD) 91,677

Description

Investment 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 Parcel Expansive 1.57 Acre Site allowing for a wide range of commercial uses including restaurant, retail, service, or redevelopment

Offering Summary

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.

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