116 Lipe Road, Troutman, NC 28166 | MLS #4376625 | Ivester Jackson Blackstream
 
Listing provided courtesy of RE/MAX Properties Plus, Inc.MLS# 4376625MLS ProviderContact Information: [email protected]
  • 61 days on site
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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.

Source: Canopy MLS, MLS#: 4376625

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  • Property Type
    Land

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  • Median Age
    40
  • Population Density
    348
  • College Educated
    38%
  • Estimated Median Income
    $65,344
  • Estimated Total Home Owners
    3,026
  • Estimated Total Renters
    781
  • Owner / Renter Divide
    79% / 21%
  • Estimated Average Household Size
    3
  • Total Population
    10,576
  • Community data courtesy of LiveBy, Inc.

Owning this Home

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

Life at 116 Lipe Road


Schools


School data courtesy of LiveBy, Inc.
Ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating. The schools displayed on this website are for informational purposes only and may not represent a complete or up-to-date list. School assignments are subject to change and should be verified directly with the local school district. Please contact the appropriate school district to confirm school zoning and enrollment eligibility for this property.

History

Date Event Value Agent
4/30/2026Source: Canopy MLS Added to Database
April 30, 2026
4/30/2026Source: Canopy MLS Added to Database
April 30, 2026