116 Lipe Road
116 Lipe Road
Troutman, NC 28166
$650,000
- Lot Size: 5.9 Acres
Description
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).
Property Summary
| Property Type: | Land | Property Subtype : | Acreage |
| Lot Size : | 5.9 Acres |
More Information
- Water Source : Well
- Road : Publicly Maintained Road
- Listing Terms : Cash, Conventional
- Possible Use : Residential, Other - See Remarks
Based on information submitted to the MLS GRID as of 12-26-2024 10:02:07 UTC 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.