116 Lipe Road Troutman, NC 28166

This 5.9-acre property presents an investment opportunity with immediate cash flow and long-term upside. Located approximately 1 mile from I-77 and less than 15 minutes from Lake Norman State Park, the property is situated in a high-demand rental corridor. Two income-producing homes, located at 116 & 128 Lipe Rd, are included, providing rental income. Both homes require renovations, presenting a value-add opportunity to increase rents and build equity. Existing well and septic systems are in place, and the mostly cleared acreage facilitates expansion. The property is zoned Neighborhood Business (NB), allowing for continued operation as residential rentals while holding for appreciation, or positioning the property for future commercial or mixed-use development. This zoning provides flexibility for multiple exit strategies, including cash flow, redevelopment, or resale. With convenient highway access and proximity to major employment areas and recreational destinations, the location supports consistent rental demand and strengthens its appeal for future commercial tenants. The property is suited for investors looking to build wealth through a combination of immediate income and long-term appreciation. The property is located in Troutman, NC.