5.9 Acres Investment
For Sale
$699,900
116 Lipe Road, Troutman, NC 28166
LAND - Troutman, NC
Lot Size5.90 Acres
Days on Market92
Property Features for 116 Lipe Road
General Information
Property type
Land
Property subtype
Other
Zoning
NB
Zoning description
NB
Lot features
Cleared, Corner Lot, Open Lot, Wooded
Elementary school
Unspecified
Middle school
Unspecified
High school
Unspecified
Standard status
Active
APN
4740-75-1250.000
Lot size
5.90 Acres
Taxes and HOA fees
Tax Description
SR 1315
Legal Description
SR 1315
Utilities
Water source
Well
Listing Agency:
RE/MAX Properties Plus, Inc. · RE/MAX International
(704) 871-9882
Listed By:
Kristin Hildebrand
(704) 682-3686
Added: Apr 30
Changed: May 19
Last Checked: Jul 30 at 8:06PM
MLS# 4376614
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.
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 28166, NC
10,357
Population
4,423
Households
2.3
Avg Household Size
42
Median Age
26%
College-Educated
90%
High-School Grad
29.0 sq mi
ZIP Area
357
Density / Sq Mi
$85,107
Median Household Income
$43,574
Median Earnings
$1,280
Median Rent
$302,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
