116 Lipe Road, Troutman, NC 28166

Listing agent Kristin Hildebrand Show Phone

Listing office RE/MAX Properties Plus, Inc. r***@yahoo.com 303 North Center St., Satesville, NC Show Phone

Listing date Apr 30, 2026

Report an issue

MLS# 4376614 Listing URL

Copyright © 2026 Canopy MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

---

Overview

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.

Suggested Use

Real Estate Agency Restaurant Law Firm Dental Office Building Supply Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Auto Parts Store Kitchen & Bath Showroom

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Troutman

County

Iredell

State

North Carolina

Longitude

-80.861455

Latitude

35.673407

Nearby Similar for Sale

• 

  $699,900

  Adaptable Commercial Land Opportunity

  5.9 acres in a high-growth area with commercial upside.

  116 Lipe Road, Troutman, NC 28166

  View Details
• 

  $2,290,000

  Troutman Land Near County Facilities

  Almost 6 acres in Troutman near rec center and fairgrounds.

  694 N Main Street, Troutman, NC 28166

  View Details
• 

  $189,000

  Troutman Land for Residential Development

  Two parcels totaling 0.75 acres in downtown Troutman, NC.

  Patterson Street, Troutman, NC 28166

  View Details
• 

  $200,000

  Residential Land in Falls Cove

  Residential lot in Troutman, near Lake Norman State Park.

  241 Ashmore Circle, Troutman, NC 28166

  View Details
• 

  $189,000

  Residential Land in Downtown Troutman

  Two parcels totaling 0.75 acres in established neighborhood.

  Patterson Street, Troutman, NC 28166

  View Details
• 

  $149,900

  Cleared Lot Near Lake Norman

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

  Meadow Glen Drive, Troutman, NC 28166

  View Details
• 

  $299,000

  Cleared Residential Home Site Parcel

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

  232 Fern Hill Road, Troutman, NC 28166

  View Details
• 

  $659,999

  Cleared Land in Troutman, NC

  8.01 acres of cleared land suitable for development.

  433 Lockhard Circle, Troutman, NC 28166

  View Details
• 

  $7,500,000

  Troutman Land Subdivision Opportunity

  Exclusive gated community development opportunity in Troutman, North Carolina.

  228 Fern Hill Road, Troutman, NC 28166

  View Details
• 

  $200,000

  Waterfront Land on Lake Norman

  2.722 acre waterfront lot with 255 feet of shoreline.

  426 Morrison Farm Road, Troutman, NC 28166

  View Details
• 

  $990,999

  Waterfront Estate Land with Dock

  Oversized Lake Norman lot with stabilized shoreline and an installed dock and boatlift for new construction.

  170 Windwood Lane, Troutman, NC 28166

  View Details
• 

  $74,900

  Residential Lot Near Lake Norman

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

  163 Shenandoah Loop, Troutman, NC 28166

  View Details

FAQs

What type of property is this?

Commercial land - 5.9-acre property with income-producing homes and commercial growth potential.

Where is this commercial land located?

The property is located at 116 Lipe Road Troutman, NC.

What is the asking price?

The asking price for this property is $699,900.

What are key features of this property?

This property features: 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.