This 5.9-acre investment opportunity checks every box for investors seeking immediate cash flow and long-term upside. Located just 1 mile from I-77 and under 15 minutes to Lake Norman State Park, this property sits in a high-demand rental corridor with strong tenant appeal and future commercial growth potential.
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.
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 #
- 4376614
- Property Subtype
- Acreage
- Parcel Number
- 4740-75-1250.000
- MLS #
- 4376614
- 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 2026-04-30T18:47:06Z. 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)
