Active

129 Fm 116

Gatesville, Texas 76528
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Acres42.76

Acres(Lot)

42.76 acres of city-annexed development land in Gatesville, Texas offering approximately 4,500 feet of paved frontage along Texas FM 116 with excellent visibility, access, and scalability. The property is positioned for commercial, industrial, mixed-use, institutional, or employment-driven development and supports phased or multi-user development, with FM 116 frontage divided into two tracts. A key strategic advantage is the property’s location directly across from the Gatesville Municipal Airport, providing immediate regional air access for corporate users, logistics operations, government agencies, defense contractors, and executive travel. City utilities are available, and the entire tract has been annexed into the City of Gatesville, simplifying entitlement and development planning. Th e property currently maintains AG tax status, allowing for favorable holding costs during planning, entitlement, and development phases. An on-site source of road base material may significantly reduce infrastructure and roadway construction costs, creating meaningful savings for developers. The site is located near Fort Hood, one of the largest military installations in the United States, driving sustained demand for housing, logistics, medical, industrial, and defense-adjacent uses. The region also benefits from proximity to Central Texas aerospace and advanced manufacturing activity, including SpaceX operations, supporting long-term employment growth. Gatesville offers a business-friendly environment, low crime rate, stable workforce, and favorable tax climate, with convenient access to Waco, Temple, and Killeen and reasonable drive times to Austin, Dallas–Fort Worth, and Houston. This is a scalable, infrastructure-ready development opportunity in a growing Central Texas corridor. Additional contiguous acreage is available.

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Detail Ic Property Details

Property Type : Land

Price : $2,200,000

AD Id : 74506647

MLS Id : 549502630

Lot Size : 42.76 Acres(Lot)

County : Coryell

Subdivision: Western Annex

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Feature Features

  • Utilities

    Electricity Available

  • Lot Information

    Lot Size (Acr): 42.7600 Lot Size Units: Acres Lot Size Square Feet: 1,862,626 Lot Features: Acreage,Level
  • Property Information

    Property Type: Land Property Sub Type: Unimproved Land Subdivision: Western Annex City: Gatesville State: Texas Directions: From Gatesville heading West on Hwy 84 (Main St), turn left onto FM 116. Property will be on the left. Turn left onto Old Pidcoke Rd to access gate to property and additional road frontage. Property Status: Active

  • Listing Price Information

    Original List Price: $2,200,000
  • Listing Information

    Possession: Closing/Funding

  • Tax Information

    Parcel Number: 115860

  • Homeowners Association Information

    HOA Type: None

  • School Information

    Elementary School: Gatesville High School: Gatesville Junior High School: Gatesville Intermediate School: Gatesville School District: Gatesville ISD
  • Utility Information

    Utilities: Electricity Available
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
TBD-2 Cr 139, Gatesville, TX, 76528 $850,000 -- 2 256 129.42 Acres(Lot)
TBD-1 Cr 139, Gatesville, TX, 76528 $1,200,000 -- -- -- 182.82 Acres(Lot)
TBD Cr 139, Gatesville, TX, 76528 $1,716,000 -- -- -- 312 Acres(Lot)
TBD5 Owl Creek Park Rd, Gatesville, TX, 76528 $194,900 -- -- -- Acres (Lot)--
TBD4 Owl Creek Park Rd, Gatesville, TX, 76528 $184,900 -- -- -- Acres (Lot)--
TBD3 Owl Creek Park Rd, Gatesville, TX, 76528 $184,900 -- -- -- Acres (Lot)--
TBD2 Owl Creek Park Rd, Gatesville, TX, 76528 $164,900 -- -- -- Acres (Lot)--
TBD1 Owl Creek Park Rd, Gatesville, TX, 76528 $215,000 -- -- -- Acres (Lot)--
SUNSET RANCH TRACT 9 Co.., Gatesville, TX, 76528 $202,000 -- -- -- Acres (Lot)--
SUNSET RANCH TRACT 6 & .., Gatesville, TX, 76528 $208,000 -- -- -- Acres (Lot)--
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Disclosure: Listing information provided in part by the North Texas Real Estate Information Systems, Inc, for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. All information is deemed reliable but not guaranteed. Copyright © NTREIS 2026. All rights reserved

ByOwner last updated this listing 06/14/2026 @ 17:15

MLS: 549502630 LISTED BY: Kim Hill, Kim Hill Real Estate Group 817-858-0055 SOURCE: NTREIS - North Texas Real Estate Information

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