201 FM 116, Gatesville, TX 76528

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$4,400,000

bedrooms

bathrooms

square feet

Acreage

124.0

Open Houses

year built

Full Baths

Half Baths

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Central Texas Development Land for Sale in Gatesville, TX. This prime 124-acre tract in Coryell County, annexed into the city limits, offers opportunities for commercial, industrial, and residential development. With 4,500 ft. of paved frontage on Texas FM 116, the commercial frontage is divided into two tracts, ideal for phased development. The strategic location and visibility make it suitable for retail, hospitality, medical, office, or government facilities. Additionally, the property has city utilities available and AG tax status, providing cost benefits during development. The property boasts its own source of road base material, ideal for road construction, offering significant cost savings for development. Gatesville, with its low crime rate, favorable tax climate, and strong economy, is attractive for businesses and homeowners. The town's central position offers access to major highways and proximity to Fort Cavazos (formally known as Fort Hood), Waco, Temple, and Killeen, as well as being a reasonable drive to Austin, DFW, and Houston, ensuring demand for housing and commercial spaces. This development land is a rare opportunity in a growing region.

Location
Subdivision	Airport Annex
County	Coryell
Elementary School	Gatesville
Middle School	Gatesville
High School	Gatesville

Exact location data not provided

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MLS number: 551982

Listing agent: Kim Hill #0592248

Listing broker: United Country H5 Auction & Re (903) 387-6647

Copyright © 2025 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, March 26 2025 at 5:59 p.m. EDT

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