Listing provided courtesy of Kim Hill Real Estate Group- MLS# 21158206MLS ProviderContact Information: Kim Hill

201 FM-116Gatesville, TX 76528

Vacant Land · 116.00 Acres
$3,988,293 Active

201 FM-116 Overview

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Approximately 116 acres of city-annexed development land in Gatesville, Texas, offering a rare master-planned opportunity positioned for commercial, industrial, mixed-use, logistics, distribution, and employment-driven residential development. Strategically located with frontage and access along Texas FM 116 and Old Pidcoke Road, the property provides excellent visibility, multiple access points, and the ability to separate uses and traffic patterns, making it well suited for anchor retail or service commercial along the frontage with flex, light industrial, logistics, or distribution uses and residential or workforce housing positioned behind. City utilities are available, and the property maintains AG tax status, allowing favorable holding costs during planning, entitlement, and phased development. The site is located directly across from the Gatesville Municipal Airport, providing regional air access for corporate users, contractors, government agencies, defense-adjacent operations, and logistics support. The property is also located near Fort Hood, one of the largest military installations in the United States, driving sustained demand for housing, retail services, logistics, medical, and industrial development. The region benefits from proximity to Central Texas aerospace and advanced manufacturing activity, including SpaceX operations, supporting long-term employment growth tied to military, defense, manufacturing, and transportation sectors. 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 tract supports phased or multi-user development, campus-style projects, or master-planned mixed-use concepts with multiple exit strategies and long-term upside in a growing Central Texas corridor.

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201 FM-116 Facts & Features

  • Type Vacant Land
  • Lot 116.00 Acres

Details

General

Association/HOA

  • Association: No

School Information

  • School District: Gatesville ISD
  • Elementary School: Gatesville
  • High School: Gatesville

Business Information

  • Current Use: Agricultural

Location/Region

  • Country: US
  • County Or Parish: Coryell
  • Postal City: GATESVILLE
  • Subdivision Name: Airport Annex

Community/Development

  • Development Status: Zoned

General Information

  • Parcel Number: 111168
  • Property Sub Type: Unimproved Land
  • Property Type: Land

Interior

Exterior

Lot Information

  • Lot Features: Acreage,Agricultural,City Lot
  • Lot Size Acres: 116.0
  • Lot Size Area: 116.0
  • Lot Size Square Feet: 5052960.0
  • Lot Size Units: Acres
  • Road Surface Type: Asphalt

Waterfront/View

  • Waterfront: No

General Information

  • Road Frontage Type: Highway
  • Utilities: Electricity Available

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

201 FM-116 Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

201 FM-116 Market Data

Based on the last 30 days in this zip code

$606,239
Average List Price
$298
Average Price per Square Foot
2
Properties Sold
151
Average Days on Market
25
Properties for Sale
Calculations provided by Reliance Network


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