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$699,900
1 Day On Site

116 Lipe Road
Troutman, NC 28166

For Sale|Unimproved Land|Active
0
Beds
0
Total Baths
Subdivision:
None
County:
Iredell
Call Now: 980-777-4440
Is this the listing for you? We can help make it yours.
980-777-4440
116 Lipe Road116 Lipe Road116 Lipe Road116 Lipe Road
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Monthly Payment (Est.)

$3,193
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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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Listing Snapshot
Price 
$699,900
Days On Site 
1 Day
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
5.9 Acres
Year Built 
N/A
MLS® Number 
4376625
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing first seen on site
yesterdayListing updated with changes from the MLS®
General Features
Additional Property Use 
CommercialResidential
Property Sub Type 
Unimproved Land
Sewer 
Septic Tank
Water Source 
Well
Zoning 
NB
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Exterior Features
Lot Features 
ClearedCorner LotOpen LotWooded
Other Structures 
Shed(s)
Road Frontage 
County Road
Community Features
Financing Terms Available 
CashConventional
Roads 
Paved
Schools
School District
Unknown
Elementary School
Unspecified
Middle School
Unspecified
High School
Unspecified
Listing courtesy of RE/MAX Properties Plus, Inc. kristin@cflandandhomes.com


Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {last_incremented_at}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. Properties displayed may be listed or sold by various participants in the MLS. ©2026 Canopy MLS.

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Last checked - 2026-05-02 11:03 AM UTC

Neighborhood & Commute
Source: Walkscore
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