116 Lipe RD Troutman, NC 28166
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Acreage
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4376614
Lot Size 5.900 Acres
Acres 5.9
Property Sub-Type Acreage
Property Description
Two income-producing homes—116 & 128 Lipe Rd—convey at closing, providing day-one rental income and reducing your holding costs from the start. Both homes do need some TLC, presenting a value-add opportunity for investors to renovate, increase rents, and build additional equity. Existing well and septic systems are already in place, and the mostly cleared acreage creates a streamlined path for expansion. Whether your goal is to increase doors, add additional rental units, or maximize density over time, this property is primed for scalability.
The Neighborhood Business (NB) zoning adds significant value for investors. Continue operating as residential rentals while holding for appreciation, or position the property for future commercial or mixed-use development without the typical rezoning delays. This flexibility allows you to execute multiple exit strategies—cash flow, redevelopment, or resale—on your timeline.
With convenient highway access and proximity to major employment areas and recreational destinations, the location supports consistent rental demand today while strengthening its appeal for future commercial tenants.
For investors looking to build wealth through a combination of immediate income and long-term appreciation, this property offers a rare blend of stability, flexibility, and growth potential. Opportunities with existing cash flow, infrastructure in place, and favorable zoning are limited—this is one worth adding to your portfolio.
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
NEARBY SCHOOLS & BUSINESSES
School Assignment Notice:
The schools shown in the Nearby Schools and Businesses section are based on geographic proximity and may not reflect the schools assigned to this property. School attendance boundaries are subject to change due to rezoning and other factors. Buyers should independently verify current school assignments with their real estate agent and the information provided in the MLS listing, as well as with the applicable school district, before making a purchase decision.
WORK WITH US
Our collective skills in market analysis, negotiation, and client relations ensure a smooth and successful experience. We pride ourselves on our ability to adapt to your unique needs and preferences, offering tailored solutions and attentive service. With a strong focus on communication and integrity, we strive to make every step of the real estate process seamless and stress-free. Partner with us, and let our team turn your real estate aspirations into reality.Our collective skills in market analysis, negotiation, and client relations ensure a smooth and successful experience. We pride ourselves on our ability to adapt to your unique needs and preferences, offering tailored solutions and attentive service. With a strong focus on communication and integrity, we strive to make every step of the real estate process seamless and stress-free. Partner with us, and let our team turn your real estate aspirations into reality.
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