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116 Lipe Road, Troutman, NC 28166

Troutman
Local realty services provided by:CENTURY 21 Rucker Real Estate
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...

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Home facts

  • Year built:1924
  • Listing ID #:4296395
  • Updated:March 13, 2026 at 01:15 PM

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
  • Lot Features:Cleared, Corner Lot, Open Lot, Wooded

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

Parking

  • Parking description:Driveway
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