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129 FM 116 Gatesville, TX 76528

42.76 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Western Annex

MLS Listing ID 21158221

HOA Y/N No

Lot Size 42.760 Acres

Acres 42.76

Property Sub-Type Unimproved Land

Property 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.

Location

State TX

County Coryell

Zoning Commercial

Direction 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.

Interior

Fireplace No

Exterior

Utilities Available Electricity Available

Present Use Agricultural

Street Surface Asphalt

Road Frontage Highway

Private Pool No

Building

Lot Description Acreage, Level, City Lot

Schools

Elementary Schools Gatesville

Middle Schools Gatesville

High Schools Gatesville

School District Gatesville Isd

Others

Tax ID 115860

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21158221

North Texas Real Estate Info Systems (NTREIS) / WACO Association of Realtors

Listed by Kim Hill • Kim Hill Real Estate Group

KM&M Operations

Agent

+1(317) 224-8755

KM&M Operations

129 FM 116 Gatesville, TX 76528

Key Details

Location

Interior

Exterior

Building

Schools

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129 FM 116