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Single-Tenant Vacant-User

AUCTION - IHOP (Vacant) - New Orleans, LA

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

Starting Bid: $150,000

Guarantor
No Guarantee
Rentable SF
5,141
Lease Type
Absolute Net
Auction Type
Reserve
Auction Start Date
May 4, 2026
Auction End Date
May 6, 2026

Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/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.

Investment Highlights

  • Auction - May 4-6, 2026 | Starting Bid: $150,000
  • Strategic Retail Positioning: Located along a primary corridor alongside notable retailers – Home Depot, Walmart, Public Storage, GoodYear, Pep Boys, Wendy's, 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

Exclusively Listed By

Auction Advisors

Single-Tenant Vacant-User

AUCTION - IHOP (Vacant) - New Orleans, LA

Starting Bid: $150,000

Guarantor
No Guarantee
Rentable SF
5,141
Lease Type
Absolute Net
Auction Type
Reserve
Auction Start Date
May 4, 2026
Auction End Date
May 6, 2026

Investment Highlights

  • Auction - May 4-6, 2026 | Starting Bid: $150,000
  • Strategic Retail Positioning: Located along a primary corridor alongside notable retailers – Home Depot, Walmart, Public Storage, GoodYear, Pep Boys, Wendy's, 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

Investment Overview

Register to bid and access due diligence documents on RealINSIGHT Marketplace: https://rimarketplace.com/auction/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.

Exclusively Listed By

Auction Advisors

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