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116 Lipe RD Troutman, NC 28166
5.9 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4376625
Lot Size 5.900 Acres
Acres 5.9
Property Sub-Type Unimproved Commercial
Property Description
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.
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.
Location
State NC
County Iredell
Zoning NB
Exterior
Street Surface Paved
Building
Lot Description Cleared, Corner Lot, Open Lot, Wooded
Sewer Septic Installed
Water Well
Schools
Elementary Schools Unspecified
Middle Schools Unspecified
High Schools Unspecified
Others
Senior Community false
Restrictions Other - See Remarks
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Estate
© 2026 Listings courtesy of Canopy MLS as distributed by MLS GRID. All Rights Reserved.
Listed by Kristin Hildebrand • RE/MAX Properties Plus, Inc. • kristin@cflandandhomes.com