Troutman, NC is a small town located along the shores of Lake Norman, with an population of only around 2,500. What it lacks in size, Troutman makes up for in economic opportunities and vitality.
According to Sperling’s Best Places, Troutman has an unemployment rate of 3.9%, which is lower than the state and national figures. Recent job growth in Troutman is also more than twice that of the national figure, and future job growth over the next ten years is projected to be 42.15%.
The top industries in Troutman based on employment are the education and health care services; professional and scientific management; retail trade; and arts, entertainment, and recreation. Tourism is a growth industry, with people from all over the state and the country coming to Lake Norman for the host of outdoor activities it offers.
Economic indicators in Troutman have been upbeat, particularly with the building of a 301,000-square-foot structure on Old Murdock Road designed either for manufacturing or distribution purposes. As buildings of this scale are rare in Iredell County, this development is expected to have a significantly positive impact on Troutman’s and the county’s economy.
Through all this, Troutman’s distinct small-town sensibilities remain intact. With the town’s high quality of life and upbeat economic conditions, now is a good time to invest in commercial property in Troutman.
Where to find commercial properties in Troutman
Commercial properties in Troutman include existing buildings and structures, as well as vacant lots, found mostly in the following areas:
- Charlotte Highway
Charlotte Highway is an ideal location because the area includes both residential and commercial spaces. Affordable residential developments are currently rising, blending in with more established properties. Charlotte Highway is also the site of a Lowe’s Improvement Store, shops, restaurants, fastfoods, and more. It connects to I-77, making traveling to and from the area quick and convenient.
- Main Street
As part of the North Carolina Small Town Main Street Program, Troutman is committed to the development of a downtown center that combines its heritage with modern infrastructures, recreational and cultural activities, and independent businesses. Downtown’s Main Street is home to excellent restaurants and shops, as well as various services and businesses.
In addition to existing buildings, commercial lots are also available in the Downtown area. It is also zoned for residential use, giving it great potential for mixed use developments and office buildings within walking distance of residences.
- Old Murdock/Murdock Road
The construction of the expansive manufacturing and/or distribution building on Old Murdock/Murdock Road is making this area highly attractive for new commercial activities.
- Charlotte Highway
Are you looking to invest in a commercial property in Troutman? We are the Realtors to call. Contact us at 704-608-6287 or get in touch with us here.