116 Lipe Road Troutman, NC 28166

This 5.9-acre commercial property is located in Iredell County within the Neighborhood Business (NB) zoning district. 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. The property is located 1 mile from I-77 and under 15 minutes to Lake Norman State Park, in a growing corridor with strong visibility, convenient access, and increasing demand for neighborhood-level commercial services. Two existing structures, located at 116 & 128 Lipe Rd, convey with the property and currently generate rental income. Both homes require renovation, offering an 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. The configuration allows for multiple development scenarios, including retail strip concepts, professional office space, service-based commercial pads, or mixed-use neighborhood commercial planning. The property is well-positioned for neighborhood commercial absorption and long-term appreciation. The zoning supports both immediate income-producing use and future redevelopment.