116 Lipe Road Troutman, NC $ 699,900
116 Lipe Road
$ 699,900
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116 Lipe Road

Troutman, NC, 28166
$ 699,900
Bedrooms-- Baths0.0

Monthly Estimate*

$ 4,834

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Lots and Land for sale in Troutman, NC

for $699,900. The lot size is 5.9.

This 5.9-acre investment opportunity checks every box for investors seeking immediate cash flow and long-term upside. Located just 1 mile from I-77 and under 15 minutes to Lake Norman State Park, this property sits in a high-demand rental corridor with strong tenant appeal and future commercial growth potential. Two income-producing homes—116 & 128 Lipe Rd—convey at closing, providing day-one rental income and reducing your holding costs from the start. Both homes do need some TLC, presenting a value-add opportunity for investors to renovate, increase rents, and build additional equity. Existing well and septic systems are already in place, and the mostly cleared acreage creates a streamlined path for expansion. Whether your goal is to increase doors, add additional rental units, or maximize density over time, this property is primed for scalability. The Neighborhood Business (NB) zoning adds significant value for investors. Continue operating as residential rentals while holding for appreciation, or position the property for future commercial or mixed-use development without the typical rezoning delays. This flexibility allows you to execute multiple exit strategies—cash flow, redevelopment, or resale—on your timeline. With convenient highway access and proximity to major employment areas and recreational destinations, the location supports consistent rental demand today while strengthening its appeal for future commercial tenants. For investors looking to build wealth through a combination of immediate income and long-term appreciation, this property offers a rare blend of stability, flexibility, and growth potential. Opportunities with existing cash flow, infrastructure in place, and favorable zoning are limited—this is one worth adding to your portfolio.

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Lots and Land Active

Price

$ 699,900

Property Type

Lots and Land

Taxes

$ 0

Style

Acreage

Lot Size

5.9

Town/City

Troutman

County/Region

Iredell

MLS | Web ID

4376614

Features
General
Sewer Septic Installed
Zoning NB
Property Subtype Acreage
Parcel Number 4740-75-1250.000
County Iredell
Property Type Land
HOA N
Subdivision Name None
Possible Use Commercial Residential
Other Structures House-As Is Manufactured Home(s) Shed(s)
High School Unspecified
City Troutman
Senior Community Y/N N
Lot Size Units Acres
Carport Y/N N
Elementary School Unspecified
Middle/Junior High School Unspecified
Additional Parcels Y/N N
Lease Considered Y/N N
Standard Status Active
Restrictions Other - See Remarks
Tax Assessed Value 220770
Listing Terms Cash Conventional
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Exterior
Lot Features Cleared Corner Lot Open Lot Wooded
Water Source Well
Lot Size Area 5.9
Road Surface Type Paved
Road Frontage Type County Road Interstate 1 mile or Less
Road Responsibility Publicly Maintained Road
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Interior
Below Grade Finished Area 0
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Internal Only
Street Number 1 116
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* Excluded Features
List By
Re/Max Properties Plus, Inc.

Broker

Affordability Calculator

$4,834
Per Month
100%
0%
0%
Monthly Principal & Interest
$4,834
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History
DatePricePrice ChangeDescription
4/30/2026$699,900 Listed Price

Map


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116 Lipe Road, Troutman, NC, 28166 is a Lots and Land for sale at $699,900 with a lot size of 5.9. 116 Lipe Road has 0.0 baths. The property's zip code is 28166 which is in Troutman, NC