About 116 Lipe Road
This is a great investment property right in Troutman. With this much level land, buildings, and 3 older homes on this property. You could purchase it as an investment property and rent the homes or great for a developer. The 3 homes are currently rented. There are 3 wells and septics on the property already. The value of this property is in the land only. The homes have not been kept updated or remodeled. Again value is in the location and the land. There is road frontage on Flower House Loop and on Lipe Rd. This is a great investment property. Only a minute or two from shopping, and restaurants, and close to Lowes and I-77. This property land use can be Medium Density Residential. For residential subdivisions, the minimum lot size is 25,000 sq. ft. per dwelling (.57ac).
Features of 116 Lipe Road
| MLS® # | 4049791 |
|---|---|
| Price | $650,000 |
| Bathrooms | 0.00 |
| Acres | 5.90 |
| Type | Land |
| Sub-Type | Acreage |
| Status | Active |
Community Information
| Address | 116 Lipe Road |
|---|---|
| City | Troutman |
| County | Iredell |
| State | NC |
| Zip Code | 28166 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
School Information
| Elementary | Troutman |
|---|---|
| Middle | Troutman |
| High | South Iredell |
Additional Information
| Date Listed | July 16th, 2023 |
|---|---|
| Days on Market | 513 |
| Zoning | RA |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Allen Tate Mooresville/Lake Norman |
|---|