116 Lipe Rd

257,004 / 5.9
Lot Size / Acres

Description

Prime Commercial Opportunity! This 5.9-acre property, newly rezoned Neighborhood Business (NB), is just 1 mile from I-77, offering excellent access and visibility. Mostly cleared and ready for development, it allows for a variety of businesses, including home occupations, family care homes, farm buildings, dance studios, daycare centers, government offices, recreation facilities, animal grooming and shelters, auto parking lots, bakeries, farmers markets, and more! Lake Norman State Park is less than...Prime Commercial Opportunity! This 5.9-acre property, newly rezoned Neighborhood Business (NB), is just 1 mile from I-77, offering excellent access and visibility. Mostly cleared and ready for development, it allows for a variety of businesses, including home occupations, family care homes, farm buildings, dance studios, daycare centers, government offices, recreation facilities, animal grooming and shelters, auto parking lots, bakeries, farmers markets, and more! Lake Norman State Park is less than 15 minutes away, adding to the appeal of this location. There are existing homes on the property with well and septic installed, though they will likely need to be removed. The full list of permitted uses is included in the attachments. Don't miss this rare opportunity in a growing area!
  1. Listed by Kristin Hildebrand • RE/MAX Properties Plus, Inc. • kristin@cflandandhomes.com

Amenities

  • Corner Lot
  • Parking Lot
  • Private Outdoor Space
LISTING UPDATED: 10/10/2025 12:21 PM

Property Details for 116 Lipe Road

StatusActive
MLS #4231119
Days on Market339
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand / Unimproved Commercial
Year Built-
Lot Size5.90 AC
CountyIredell County

Location

Listing Courtesy of RE/MAX Properties Plus, Inc.
Add your commute

Building Information for 116 Lipe Road

Lot Size5.90 AC

Payment Calculator

$3,785 per month

30 year fixed, 6.15% Interest

Principal and Interest

$3,655

Property Taxes

$130

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 116 Lipe Road

Summary
Location and General Information
  • Road Frontage Type: County Road, Interstate 1 mile or Less
  • Longitude: -80.86028019
  • Zoning: NB
  • Road Frontage Length: 836.0
  • Latitude: 35.6730731
Taxes and HOA Information
  • HOA YN: No
  • HOA Subject To: None
  • Tax Assessed Value: $220,770.00
  • Parcel Number: 4740-75-1250.000
  • City Taxes Paid To: No City Taxes Paid
School Information
  • Middle Or Junior School: Unspecified
  • High School: Unspecified
  • Elementary School: Unspecified
Parking
  • Parking: Open Parking YN: No
  • Parking: Carport YN: No
Property
Lot Information
  • Sq Ft Building Minimum: 0
  • Lot Features: Cleared, Corner Lot, Open Lot, Wooded
  • Lot Size Units: Acres
  • Possible Use: Commercial, Farm, Multi-Family, Other - See Remarks
  • Property Type: Land
Property and Assessments
  • Geocode Confidence: High
  • Photos Count: 12
  • Road Responsibility: Publicly Maintained Road
  • Senior Community YN: No
  • Restrictions: Other - See Remarks
  • Restrictions Description: Property is now zoned NB within Iredell County. List of Permitted Uses are in the attachments.
Utilities
  • Sewer: Septic Installed
  • Water Source: Well
Interior and Exterior Features
Exterior Features
  • Road Surface Type: Paved
  • Other Structures: Manufactured Home(s), Shed(s)
Interior Features
  • Habitable Residence YN: Yes
Rental
Rent Information
  • Lease Considered YN: No

Property History for 116 Lipe Road

DateEvent & SourcePriceAppreciation
Aug 27, 2025

Listed (Active)

CANOPY #4296395

$750,000—
Jul 22, 2025

Price Change

TRIAD #1172646

$750,000—
Jul 19, 2025

Price Change

CANOPY #4231119

$750,000—
May 22, 2025

Price Change

TRIAD #1172646

$799,999—
May 22, 2025

Price Change

CANOPY #4231119

$799,999—
Mar 6, 2025

Listed (Active)

CANOPY #4231119

$850,000—
Mar 6, 2025

Listed (Active)

TRIAD #1172646

$850,000—
Dec 31, 2024

Expired

CANOPY #4051007

$650,000—
Dec 31, 2024

Expired

CANOPY #4049791

$650,000—
Jul 20, 2023

Listed (Active)

CANOPY #4051007

$650,000—
Jul 16, 2023

Listed (Active)

CANOPY #4049791

$650,000—
DateEvent & SourcePrice
08/27/2025

Listed (Active)

CANOPY #4296395

$750,000
07/22/2025

Price Change

TRIAD #1172646

$750,000
07/19/2025

Price Change

CANOPY #4231119

$750,000
05/22/2025

Price Change

TRIAD #1172646

$799,999
05/22/2025

Price Change

CANOPY #4231119

$799,999
03/06/2025

Listed (Active)

CANOPY #4231119

$850,000
03/06/2025

Listed (Active)

TRIAD #1172646

$850,000
12/31/2024

Expired

CANOPY #4051007

$650,000
12/31/2024

Expired

CANOPY #4049791

$650,000
07/20/2023

Listed (Active)

CANOPY #4051007

$650,000
07/16/2023

Listed (Active)

CANOPY #4049791

$650,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 116 Lipe Road

Taxable ValueLand$154,990Additions$65,780Total$220,770
Tax Record2025$1,565 ($130 / month)
Home Facts
Beds3Baths1Total Finished SqFt1,025 SqFtAbove Grade Finished SqFt1,025 SqFtStories1Lot Size257,004 SqFtStyleSingle Family ResidenceYear Built1924Year Renovated1939ZoningRACountyIREDELLAPN4740-75-1250.000Fireplace TypeHas Fireplace

Schools near 116 Lipe Road

This home is within Iredell-Statesville School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Troutman Elementary School
PublicPK to 5

Troutman Middle School
Public6 to 8

South Iredell High School
Public9 to 12

Career Academy And Technical School
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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116 Lipe Road is a 5.9 ac of land for sale in Troutman, NC 28166. This property was listed for sale on March 6, 2025 by RE/MAX Properties Plus, Inc., it's currently listed at $750,000. This listing's school district is Iredell-Statesville School District. Nearby schools include Troutman Elementary School, Troutman Middle School and South Iredell High School. 116 Lipe Road is a 0-bed, 0-bath, 5.9 ac of land on a 257,004 sq. ft. / 5.9 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of RE/MAX Properties Plus, Inc.

Based on information submitted to the MLS GRID as of 10/10/2025 12:21 PM. 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. Properties displayed may be listed or sold by various participants in the MLS. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. Use of the MLS GRID data may be subject to an end user license agreement prescribed by the applicable MLS of the Member Participant, if any, and as amended from time to time.