129 Fm 116
Gatesville, TX, 76528
$
2,200,000
Baths0.0
Monthly Estimate*
$
13,546
Studio for $2,200,000. The lot size is 42.76.
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.
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Features
General
Development Status
City Limits
Zoned
Utilities
Electricity Available
Possession
Closing/Funding
current use
Agricultural
Restrictions
Deed
School District
Gatesville ISD
Property Subtype
Unimproved Land
Subdivision Name
Western Annex
County
Coryell
Property Type
Land
HOA Type
None
Status
Active
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.
City
Gatesville
Elementary School Name
Gatesville
High School
Gatesville
Elementary School
Gatesville
Standard Status
Active
Junior High School
Gatesville
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Exterior
Waterfront
0
Lot Features
Acreage
Level
Lot Size
10 to < 50 Acres
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* Excluded Features
List By
Kim Hill Real Estate Group
Broker
Affordability Calculator
- Monthly Principal & Interest
- $13,546
- Monthly Property Taxes
- --
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
Lots and land listings in Gatesville, TX
Average List Price
$553,302
Percent of Sale Price
75%
About Gatesville, TX
12,452
Population
0%
Since 2002
$
42,219
Median Income
37.43
Median Age
35%
Households with Children
Trends Information provided by ATTOM Data Solutions.
992454
Elementary School
3678461
Middle School
Unknown High School
High School
Pricing History
| Date |
Price |
Price Change |
Description |
|
1/23/2026
|
$2,200,000
|
|
Listed Price
|