116 Lipe Road, Troutman, NC 28166
Local realty services provided by:ERA Sunburst Realty
Listed by:kristin hildebrand
Office:re/max properties plus, inc.
MLS#:4296395
Source:CH
116 Lipe Road,Troutman, NC 28166
$750,000
- 3 Beds
- 1 Baths
- 1,025 sq. ft.
- Single family
- Active
Price summary
- Price:$750,000
- Price per sq. ft.:$731.71
About this home
This rare 5.9-acre property is the kind of opportunity that smart investors look for but seldom find. Perfectly positioned just 1 mile from I-77 and less than 15 minutes from Lake Norman State Park, this location combines strong rental demand with long-term development flexibility. Two existing income-producing homes—116 & 128 Lipe Rd—will convey at closing, allowing the next owner to begin collecting rental income immediately. With well and septic already in place and the majority of the acreage cleared, the site offers the ideal foundation for expanding with additional units or holding for future commercial use.
The property’s Neighborhood Business (NB) zoning is a key advantage, providing a rare level of flexibility. The county allows the current residential use to continue, enabling investors to build their portfolio without rezoning hurdles. Over time, the property can be repositioned for commercial or mixed-use development, offering multiple paths for future appreciation and increased cash flow. This combination of immediate income and long-term upside makes the property uniquely positioned for both buy-and-hold investors and strategic developers.
Its location further amplifies its value. With quick highway access, the property is within easy reach of local employers, recreation, and major commuter routes—an attractive setup for both long-term tenants and future commercial tenants. Whether your strategy is to add additional rental units, hold the land as values rise, or transition to a larger-scale development project, this acreage gives you the flexibility to move at your own pace and on your own timeline.
Opportunities like this don’t come around often: income on day one, infrastructure already in place, and zoning that works with your vision, not against it. Investors searching for a property that checks both the “cash flow” and “growth potential” boxes won’t want to miss this. Schedule a private tour and imagine the possibilities this 5.9-acre investment can bring to your portfolio.
Contact an agent
Home facts
- Year built:1924
- Listing ID #:4296395
- Updated:October 28, 2025 at 10:58 AM
Rooms and interior
- Bedrooms:3
- Total bathrooms:1
- Full bathrooms:1
- Living area:1,025 sq. ft.
Structure and exterior
- Roof:Metal
- Year built:1924
- Building area:1,025 sq. ft.
- Lot area:5.9 Acres
Schools
- High school:Unspecified
- Elementary school:Unspecified
Utilities
- Water:Well
- Sewer:Septic (At Site)
Finances and disclosures
- Price:$750,000
- Price per sq. ft.:$731.71
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