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.
Property Details
- Lot Features
- Cleared, Corner Lot, Open Lot, Wooded
- Lot Description
- Cleared, Corner Lot, Open Lot, Wooded
- Acres
- 0.0
- Lot Size (sqft)
- 5.9
- Property Type
- Purchase
- Sewer Information
- Septic Installed
- Utility Source
- Well
- Elementary School
- Unspecified
- Middle School
- Unspecified
- High School
- Unspecified
- County
- Iredell
- Region
- Troutman
- Zoning
- NB
- Original List Price
- $699,900
- Days on Market (Cumulative)
- 136
- MLS #
- 4376625
- Property Subtype
- Unimproved Commercial
- Parcel Number
- 4740-75-1250.000
- MLS #
- 4376625
- Date Listed
- April 30, 2026
- Address
- 116 Lipe Road
Location
Legal
Listings courtesy of Canopy MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of 2026-04-30T18:09:04Z. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Provided By
Listed by Kristin Hildebrand (#CAR85033)
Listing Office: RE/MAX Properties Plus, Inc. (#CAR5261)
