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$699,900
4376614 MLS ACTIVE Status
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.

116 Lipe Road, Troutman

Listing courtesy of RE/MAX Properties Plus, Inc.. kristin@cflandandhomes.com

$385,000
4375404 MLS ACTIVE Status
30.76 acres in northern Iredell County with close access to I77 at Exit 65. This tract is mostly wooded with hardwood trees but does have a few acres already cleared near the 356' of road frontage. Property also has a stream that has water year round and abundance of wildlife. Currently in forestry tax deferment and possibly has some timber value but no reports or appraisals of the timber have been completed. Public water thru Iredell Water Corporation is available on Eagle Mills Rd per seller. **Aerial drone pictures with red lines are not actual property lines and just are a estimated for general reference.** Owner's home on Natures Way Ln adjoins the property and could potentially be purchased in addtion to the land if interested. Adjoing home is showed in the pictures. Property road frontage is located between 601 Eagle Mills Rd and 627 Eagle Mills Rd.

00 Eagle Mills Road, Hamptonville

Listing courtesy of Tarheel Realty II. 704-902-4154

$120,000
4372306 MLS ACTIVE Status
BACK ON THE MARKET THROUGH NO FAULT OF THE SELLER—previous buyer was unable to obtain financing! Don’t miss this second opportunity to own 7.36 acres at 148 Speaks Road in Olin. The previous buyer completed perc testing and received county approval to move forward. Buyer should independently confirm the approval, conditions, expiration date, and suitability for the buyer’s intended use with the county. A recorded 40-foot right-of-way from Speaks Road provides access to the 7.36-acre parcel. Enjoy privacy, open space, and rural living with no HOA. County water is reported available, and a septic system will be required. Need more space or improved access? An adjoining 1.16-acre parcel is also available separately, with electricity, a culvert, and a gravel driveway already in place—see MLS #4356517. Convenient to I-77 and surrounding communities. Bring your plans and take advantage of this renewed opportunity!

148 Speaks Road, Olin

Listing courtesy of Realty One Group Revolution. SellersRealtyGroupNC@gmail.com

$150,000
4372201 MLS ACTIVE Status
Nestled along Faith Road, this beautiful one-acre parcel offers a serene, wooded setting that’s perfect for building your dream home. One of the few remaining flat lots in Mooresville without the true restrictions of an HOA, this property provides both flexibility and privacy. The only building requirements are a minimum of 1,200 square feet, with no single-wide or double-wide homes permitted, ensuring a neighborhood feel while still allowing you to design a home that suits your vision. While there is currently no well or septic permit in place, this gives the future owner the opportunity to plan and install systems tailored to their specific needs. Ideally located near I-77, the property offers convenient access to shopping, dining, and all that Mooresville has to offer, along with access to highly regarded school districts. Whether you’re envisioning a peaceful retreat or a custom-built residence, this spacious, gently wooded lot presents a rare opportunity in a desirable and growing area. Duke Power said that the power pole may be moved, but they need to have a home site plan applied for.

0000 Faith Road, Mooresville

Listing courtesy of Ivester Jackson Christie's. lakenormansummer@aol.com

$139,500
4367529 MLS ACTIVE UNDER CONTRACT Status
Discover an exceptional opportunity to secure your ideal homesite in the highly sought-after Morrison Farm Road Peninsula area of Troutman. This beautiful, WATERVIEW lot is ready for you to bring your builder and design the custom home you've always envisioned. The location offers a unique blend of natural serenity and neighborhood amenities. Imagine front porch coffee with a view of Lake Norman and having immediate access to a fantastic community feature—a walking trail and/or dog park with benches nestled right behind the tree line. You'll enjoy the quiet, highly desirable peninsula setting while being just minutes from the growing downtown Troutman area for local conveniences and dining. For nature lovers and active residents, this property is minutes away from the undisturbed 1300-Acre Lake Norman State Park. This incredible park features miles of hiking and biking trails, camping options, a public beach and swimming area, and a boat ramp—perfect for those who love enjoying the waters of Lake Norman. Don't miss out on this rare chance to build your custom home in one of Lake Norman's premier communities. Bring your own builder and start planning your future at 114 Dayvault Cut today!

114 Dayvault Cut Road Unit #2, Troutman

Listing courtesy of Howard Hanna Allen Tate Mooresville/LKN. becky.boan@allentate.com

$299,900
4368259 MLS ACTIVE Status
A rare opportunity to build your dream home on 3.37 partially cleared acres in a highly sought-after location in Mooresville. This property offers a rare balance of privacy and convenience, with easy access to Mooresville and Davidson while still providing a private, tucked-away setting. Already in place is a 4-bedroom septic permit and well permit, helping streamline the path to building and saving valuable time and upfront costs. The combination of open space and natural surroundings allow for flexibility in designing your ideal homesite. Please do not walk the property without an agent present and scheduling through ShowingTime. Please take necessary precautions and wear appropriate footwear when walking the property.

1025 Patterson Farm Road, Mooresville

Listing courtesy of Magnolia Lane Real Estate Grp. austin@teamtlc.org

$1,750,000
4369868 MLS ACTIVE Status
A beautiful nearly 90 acre tract only minutes from shopping, restaurants, and I40. This comes with peaceful and private setting and scenic rural views. The east side of both halves of the property is bordered by a creek. The property is split down the middle by Midway Road, providing ideal access for residential development. The property is a working tree farm with agricultural exemption. 58 acres of Loblolly Pines were recently harvested leaving approximately 30 acres of standing timber. It has been replanted for your future income and tax benefits. The existing home is also utilized as an investment/ rental property (current renters on a month-to-month lease). Build and/or develop now or earn income while you watch your property values increase. The possibilities are endless with this acreage.

225 Midway Road, Statesville

Listing courtesy of Madison & Company Realty. mattmadison86@gmail.com

$350,000
4362568 MLS ACTIVE Status
This is your opportunity to own a lot in Brawley Downs, an exclusive community designed for Residential Luxury Garages, also known as Luxury Barndominiums! These unique properties are the perfect place to store your boats, RV, or car collection, along with living space to relax with friends or family after a day of play on the lake or road. To build, dwellings must be a minimum of 3,000 square feet of fully enclosed area, of which 600 square feet must be heated living area. Architectural review ensures all structures are comprised of quality materials with a residential aesthetic. Selling lot only in this listing; future build is to be done by Courtland Homebuilders, one of the Lake Norman region's premier custom builders. Premium location on a quiet street just off popular Brawley School Road, which is convenient to Lake Norman, shopping/dining, I-77 to access Charlotte, The Point, and Trump National Golf Club Charlotte!

149 Poplar Grove Road Unit #7, Mooresville

Listing courtesy of Keller Williams Unified. kellysmith@kw.com

“ Based on information submitted to the MLS GRID as of . 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. Some IDX listings have been excluded from this website. Properties may or may not be listed by the office/agent presenting the information © 2026 Canopy MLS as distributed by MLS GRID”

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