$2,200,000
 $12,491 est/mo Sourced by Back At You

129 Fm 116,Gatesville, TX 76528

Gatesville, TX 76528

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Description

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. The 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.

Details

MLS #21158221
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site282
Listing Provided ByKim Hill Real Estate Group | Kim Hill

Features

ZoningCommercial
Acreage42.76

Exterior

Lot FeaturesAcreage, Level

Utilities

UtilitiesElectricity Available

Area Information

StateTX
CountyCoryell
CityGatesville
Zip Code76528
AreaCoryell
Community NameWestern Annex
School DistrictGatesville ISD
Elementary SchoolGatesville
High SchoolGatesville
Listing VS Median (in Western Annex)
Price:
$2,200,000
low | high
Med:
$220,000
100% of Average
On site:
282
low | high
Med:
10
100% of Average
Sourced by Back At You

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All information provided by the seller and is deemed to be correct, but is not guaranteed. Buyer to verify and satisfy themselves with all information listed including but not limited to lot size, room sizes and square footage.  Buyers are encouraged to have property inspected by inspector of their choice.  Price subject to change. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. You may not reproduce or redistribute this data—it is for viewing purposes only. This data is deemed reliable, but is not guaranteed accurate by the MLS or NTREIS.

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Learn More About This Property

StateTX
CountyCoryell
CityGatesville
Zip Code76528
AreaCoryell
Community NameWestern Annex
School DistrictGatesville ISD
Elementary SchoolGatesville
High SchoolGatesville
Listing VS Median (in Western Annex)
Price:
$2,200,000
low | high
Med:
$220,000
100% of Average
On site:
282
low | high
Med:
10
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/2 mile)
Price: $1.65M - $2.75M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
911 Old Pidcoke Property Photo 1
$1,788,293
911 Old Pidcoke
Gatesville, TX 76528
Listing Updated: September 29, 2026 at 12:24:52 AM PDT