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116 Lipe Road , Troutman, NC 28166

$699,900
  • 116 Lipe Road , Troutman, NC 28166 Main Photo

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Active
LOT SIZE 5.900 acres MLS#4376625
STATUSActive PROPERTY TYPELand - Residential

Property Description

This 5.9-acre commercial opportunity in Iredell County is positioned within the Neighborhood Business (NB) zoning district, offering one of the most flexible and development-friendly zoning classifications in the area. Located just 1 mile from I-77 and under 15 minutes to Lake Norman State Park, the property sits in a growing corridor with strong visibility, convenient access, and increasing demand for neighborhood-level commercial services.The NB zoning allows for a wide range of commercial, institutional, and mixed-use applications, including professional and medical offices, retail shops, restaurants, service-based businesses, financial institutions, daycare facilities, fitness and recreation centers, event venues, churches, schools, and a variety of specialty and neighborhood-serving uses. This creates significant flexibility for developers, investors, and owner-users seeking to establish or expand a commercial footprint without the delays of rezoning.Two existing structures?116 & 128 Lipe Rd?convey with the property and currently generate rental income, providing immediate holding income during the entitlement or redevelopment phase. Both homes require renovation, offering a strategic opportunity to stabilize, reposition, or convert the existing structures into commercial or office-style uses permitted under NB zoning.The site is supported by existing well and septic infrastructure and features mostly cleared acreage, reducing upfront development costs and providing a strong foundation for phased or full-scale commercial buildout. The configuration allows for multiple development scenarios, including retail strip concepts, professional office space, service-based commercial pads, or mixed-use neighborhood commercial planning.With strong roadway access, proximity to major commuter routes, and expanding residential development nearby, the property is well-positioned for neighborhood commercial absorption and long-term appreciation. The zoning supports both immediate income-producing use and future redevelopment, allowing investors to strategically time development based on market demand.For investors, developers, or end users seeking commercial land with income, infrastructure, and broad entitlement flexibility, this property represents a rare opportunity to secure a highly adaptable site in a high-growth area with strong long-term commercial upside.

116 Lipe Road | MLS# 4376625

This land located at 116 Lipe Road , Troutman, NC 28166 is currently listed for sale with an asking price of $699,900. The property has approximately 5.90 Acres. Search Troutman real estate on www.lakenormanrealty.com today.

Property Features

Property Type: Land - Residential
Lot Size: 5.90 Acres

Feature Descriptions

Days on Site: 31
Lot: Cleared, Corner Lot, Open Lot, Wooded
Other Structures: House-As Is, Manufactured Home(s), Shed(s)
Parcel#: 4740-75-1250.000
Sewer: Septic Installed
Water: Well

Local Schools

High School: Unspecified
Middle School: Unspecified
Elementary School: Unspecified

Listed By / Shown By

Listed By

Agency Name: RE/MAX Properties Plus, Inc.
Agency Contact: kristin@cflandandhomes.com

Shown By

Agency Title: Lake Norman Realty
Agency Phone: 704-450-1175

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Estimated Payment

$ 3,929.30 per month $3,725.16 Principal & Interest $0.00 Property Tax (data not provided by mls) $204.14 Homeowner's Insurance

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