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    5.9 Acres Investment Opportunity
    Updated: Apr 30
    5.9 Acres Investment Opportunity

    116 Lipe Road, Troutman, NC 28166

    $699,900
    5.90 AC lot
    Immediate cash flow from two income‑producing homes.
    5.9 acres with Neighborhood Business (NB) zoning allowing for residential or future commercial/mixed‑use development.
    Located 1 mile from I‑77, providing convenient highway access.
    Value‑add opportunity to renovate existing homes and increase rents.
    Existing well and septic systems in place.
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    Commercial Land with NB Zoning
    Updated: Apr 30
    Commercial Land with NB Zoning

    116 Lipe Road, Troutman, NC 28166

    $699,900
    5.90 AC lot
    5.9‑acre commercial land parcel zoned Neighborhood Business (NB)
    Well and septic infrastructure on site
    Two existing structures at 116 and 128 Lipe Rd convey; both require renovation
    Income‑producing rental income from the two existing structures
    Mostly cleared acreage to support development
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    Wooded Residential Homesite Acreage
    Wooded Residential Homesite Acreage

    107 Arthurs Road, Troutman, NC 28166

    $250,000
    2.72 AC lot

    Residential land totaling 2.72 acres includes a cleared building envelope within a wooded setting.

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    Lake Norman Waterfront Homesite Opportunity
    Lake Norman Waterfront Homesite Opportunity

    232 Apache Road, Troutman, NC 28166

    $688,000
    0.76 AC lot

    Level waterfront land with dock and septic permit on Lake Norman.

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    Cleared Residential Home Site Parcel
    Cleared Residential Home Site Parcel

    232 Fern Hill Road, Troutman, NC 28166

    $299,000
    2.60 AC lot

    A cleared parcel with existing septic and well, offering flexibility for one custom home or two homesites.

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    Residential Land in Downtown Troutman
    Residential Land in Downtown Troutman

    Patterson Street, Troutman, NC 28166

    $189,000
    0.75 AC lot

    Two parcels totaling 0.75 acres in established neighborhood.

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    Cleared Lot Near Lake Norman
    Cleared Lot Near Lake Norman

    Meadow Glen Drive, Troutman, NC 28166

    $100,000
    0.55 AC lot

    Ready-to-build lot near Lake Norman State Park.

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    Cleared Commercial Land with Road Frontage
    Cleared Commercial Land with Road Frontage

    1101-1106 Charlotte Highway, Troutman, NC 28166

    Contact for pricing
    1,216 sqft 2.03 AC lot

    Cleared land tract with good topography, multiple parcels, and frontage on Charlotte Highway, plus an on-site single-family home.

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    Residential Land in Falls Cove
    Residential Land in Falls Cove

    241 Ashmore Circle, Troutman, NC 28166

    $200,000
    0.54 AC lot

    Residential lot in Troutman, near Lake Norman State Park.

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    Troutman Land Subdivision Opportunity
    Troutman Land Subdivision Opportunity

    228 Fern Hill Road, Troutman, NC 28166

    $7,500,000
    49.88 AC lot

    Exclusive gated community development opportunity in Troutman, North Carolina.

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    Waterfront Land Parcel
    Waterfront Land Parcel

    161 Eagle Chase Lane, Troutman, NC 28166

    $3,250,000

    Waterfront land parcel for sale in Iredell County with access via nearby roads and turns from I-77.

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    Residential Lot Near Lake Norman
    Residential Lot Near Lake Norman

    163 Shenandoah Loop, Troutman, NC 28166

    $74,900
    0.92 AC lot

    Residential lot in Meadow Glen, near Lake Norman State Park.

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    Waterfront Estate Lot with Private Dock
    Waterfront Estate Lot with Private Dock

    170 Windwood Lane, Troutman, NC 28166

    $965,000
    1.64 AC lot

    Oversized Lake Norman lot with an existing dock, shoreline stabilization, and space for a custom home and garage footprint.

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    Prime Retail Land Opportunity
    Prime Retail Land Opportunity

    0000 Charlotte Hwy, Troutman, NC 28166

    $500,000
    1.00 AC lot

    One-acre lot with high visibility and road frontage.

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    Waterfront Land on Lake Norman
    Waterfront Land on Lake Norman

    426 Morrison Farm Road, Troutman, NC 28166

    $200,000
    2.72 AC lot

    2.722 acre waterfront lot with 255 feet of shoreline.

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    Wooded Lot in Troutman, NC
    Wooded Lot in Troutman, NC

    Pine State Road, Troutman, NC 28166

    $60,000
    0.69 AC lot

    0.69-acre wooded lot in downtown Troutman, near Lake Norman.

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    Residential Land Parcel
    Residential Land Parcel

    00 Murdock Road, Troutman, NC 28166

    $1,400,000

    For sale residential land parcel in Iredell County, suitable for single-family home lot development.

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    Cleared Land in Troutman, NC
    Cleared Land in Troutman, NC

    433 Lockhard Circle, Troutman, NC 28166

    $659,999
    8.01 AC lot

    8.01 acres of cleared land suitable for development.

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    Waterfront Estate Building Lot
    Waterfront Estate Building Lot

    170 Windwood Lane, Troutman, NC 28166

    $965,000
    1.64 AC lot

    Oversized Lake Norman estate lot with established dock, deep rectangular footprint, and stabilized shoreline for custom home plans.

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    Land, Troutman, NC
    Land, Troutman, NC

    414 Morrison Farm Road, Troutman, NC 28166

    $425,000
    3.36 AC lot

    Waterfront Land · 3.36 Acres

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    Cleared Lot Ready to Build
    Cleared Lot Ready to Build

    000 Meadow Glen Drive #115, Troutman, NC 28166

    $149,900

    Premium cleared lot in no HOA community near Lake Norman.

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    Land, Troutman, NC
    Land, Troutman, NC

    495 Perry Road, Troutman, NC 28166

    $110,000
    0.62 AC lot

    Land · 0.62 Acres

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    Residential Land with Creek
    Residential Land with Creek

    112 Forkcreek Rd, Troutman, NC 28166

    $140,000

    Residential land listing with a creek and rolling fields, offered with a seller credit for trailer removal.

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    LAND - Troutman, NC
    LAND - Troutman, NC

    Patterson Street, Troutman, NC 28166

    $189,000
    0.75 AC lot

    Land · 0.75 Acres

    View details

    Troutman, NC Land Market Trends and Statistics

    Explore 72 land for sale in Troutman, NC, showcased through 71 active listings on our real estate platform. These investment opportunities span a total of 14,761,656 square feet of properties for sale, with an estimated market value of $32,840,338.

    Sale prices for lots in Troutman, NC start at $39,000, averaging $643,928, and reaching up to $7,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Residential land & home lots 48
    Commercial land 18
    Waterfront Land 10
    Industrial land 5
    Agricultural land / Farmland 2

    Demographics Overview

    Population 11K
    Population Growth (5Y) +17.2%
    Median Household Income $85,107
    College Educated 32.1%

    High-Yield Neighborhoods for Investment

    Identify Troutman submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    28166 $631.5K

    Taxes & Financing

    Tax Rate (average for all types) 1.01%
    Property Tax per SF $22.11 per SF
    Tax Rate vs County Average 0.03 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Iredell County

    New Delisted

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