Retail Business for Sale in New Orleans, LA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: New Orleans, LA 70128

Description

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 – Turnke

Market Context

This retail in New Orleans, LA is listed for sale. It has been on the market for 68 days. Compare it against other retail listings for sale in New Orleans, LA — <a href="/search/sale/retail/louisiana/new-orleans">view the full market</a>.

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