116 Lipe Road
Troutman, NC, 28166 $ 699,900
Bedrooms-- Baths0.0 Monthly Estimate*
$ 4,834
for $699,900. The lot size is 5.9.
This 5.9-acre commercial opportunity in Iredell County is positioned within the Neighborhood Business (NB) zoning district, offering one of the most flexible and development-friendly zoning classifications in the area. Located just 1 mile from I-77 and under 15 minutes to Lake Norman State Park, the property sits in a growing corridor with strong visibility, convenient access, and increasing demand for neighborhood-level commercial services. 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. This creates significant flexibility for developers, investors, and owner-users seeking to establish or expand a commercial footprint without the delays of rezoning. Two existing structures—116 & 128 Lipe Rd—convey with the property and currently generate rental income, providing immediate holding income during the entitlement or redevelopment phase. Both homes require renovation, offering a strategic 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, reducing upfront development costs and providing a strong foundation for phased or full-scale commercial buildout. The configuration allows for multiple development scenarios, including retail strip concepts, professional office space, service-based commercial pads, or mixed-use neighborhood commercial planning. With strong roadway access, proximity to major commuter routes, and expanding residential development nearby, the property is well-positioned for neighborhood commercial absorption and long-term appreciation. The zoning supports both immediate income-producing use and future redevelopment, allowing investors to strategically time development based on market demand. For investors, developers, or end users seeking commercial land with income, infrastructure, and broad entitlement flexibility, this property represents a rare opportunity to secure a highly adaptable site in a high-growth area with strong long-term commercial upside.
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FeaturesGeneralSewer Septic Installed
Zoning NB
Property Subtype Unimproved Commercial
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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ExteriorLot 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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InteriorBelow Grade Finished Area 0
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* Excluded FeaturesList ByRe/Max Properties Plus, Inc.Broker
Affordability Calculator
- 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.
Learn more about how to save NearbyLots and land listings in Troutman, NC
Average List Price $685,451
Percent of Sale Price 2%
About Troutman, NC 3,067 Population
48% Since 2002
$ 54,638 Median Income
41.06 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
1081546 Elementary School
1081540 Middle School
Unspecified High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 4/30/2026 | $699,900 | | Listed Price |