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Property Details:

County or Parish
Coryell
Lot Size
10 to < 50 Acres
Lot Size (Acres)
42.7600
Lot Size Area
42.7600
Lot Size (Square Feet)
1862625.6000
Association Type
None
Restrictions
Deed
Zoning Description
Commercial

School Information:

School District
Gatesville ISD
Elementary School
Gatesville
Intermediate School
Gatesville
Junior High School
Gatesville
High School
Gatesville

Exterior Information:

Lot Features
Acreage,Level
Lot Size
10 to < 50 Acres
Acres
42.7600
Waterfront
No

Farm and Ranch Info:

Barns Count
0

Map

Flood information: FEMA National Flood Hazard Layer (NFHL). Coverage varies; no shading does not mean no flood risk. This map is informational, not an official flood determination for insurance or lending. Verify current maps at the FEMA Map Service Center.

MLS 21158221

129 FM 116

Gatesville, Texas
$2,200,000
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Type: Land
Remarks: 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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Listed by: Kim Hill
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Tony C Hager

Tony C Hager

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