On January 24, 2023, about 1642 eastern standard time, a Piper PA-28-140 airplane, N7470R, was substantially damaged when it was involved in an accident near Buford, Georgia. The flight instructor and a student pilot were not injured. The airplane was operated as a Title 14 Code of Federal Regulations Part 91 instructional flight. The flight instructor reported that she and the student pilot practiced several maneuvers in the local area and were returning to their home airport. She asked the student to switch fuel tanks, since it was time to do so. Shortly thereafter, the engine lost all power. She confirmed that the throttle was full forward and the mixture was full rich. Unable to reach an airport due to their altitude, the flight instructor performed a forced landing to a local interstate highway. During the landing, the airplane’s nose landing gear collapsed and the right wing was damaged. An inspector with the Federal Aviation Administration responded to the accident site and examined the wreckage. He reported that the right wing was substantially damaged. The wreckage was recovered to a salvage facility for further examination. The position of the cockpit fuel selector handle prior to the accident could not be determined. The engine was attached to the airframe and the engine mount was undamaged; therefore, a test run of the engine was attempted. A visual examination of the engine revealed no holes or breaches in the engine case, and internal continuity of the drivetrain was confirmed by rotating the engine crankshaft manually. The propeller remained attached to the engine; however, the blade tips were visibly bent. The spark plugs were removed and exhibited light brown color and normal wear when compared to a Champion Check-A-Plug chart. The engine was started and ran without hesitation or stumbling from idle to about 2,100 rpm. The test run was concluded after 2 minutes. An examination of the fuel system revealed the right-wing fuel tank was breached from impact forces and was empty of fuel. The fuel cap was secured and in place. The cap seal was supple. The left-wing fuel tank was intact and was empty of fuel. The fuel cap was secured and in place. The cap seal was supple. The gascolator contained about 2 ounces of clean, blue fuel. No water was observed. When the throttle arm was actuated, the accelerator pump expelled liquid, and water droplets were observed on the throttle plate. The carburetor was removed for examination. After partial disassembly, the composite floats and other internal components were observed to be undamaged. The carburetor bowl contained blue fuel and about 1 ounce of cloudy water. The flight instructor reported the preflight inspection of the airplane prior to the accident flight was unremarkable and no water was observed in the fuel system.