201 Fm 116
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.
View full listing details| Price: | $3,988,293 |
|---|---|
| Address: | 201 Fm 116 |
| City: | Gatesville |
| State: | Texas |
| Zip Code: | 76528 |
| Subdivision: | Airport Annex |
| MLS: | 602160 |
| Acres: | 116 |
| Lot Square Feet: | 116 acres |
| view: | Pond |
|---|---|
| sewer: | Public Sewer |
| fencing: | Cross Fenced, Perimeter |
| mlsStatus: | Active |
| utilities: | Electricity Available |
| 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. |
| highSchool: | Gatesville |
| permission: | IDX |
| possession: | Closing & Funding, Closing |
| postalCity: | Gatesville |
| topography: | Rolling |
| disclosures: | Agricultural Exemption |
| waterSource: | Public |
| listingTerms: | Cash, Conventional |
| waterfrontYN: | no |
| associationYN: | no |
| waterBodyName: | Pond/Stock Tank |
| countyOrParish: | Coryell |
| humanModifiedYN: | no |
| otherStructures: | None |
| roadSurfaceType: | Paved |
| elementarySchool: | Gatesville |
| roadFrontageType: | County Road, Highway |
| communityFeatures: | None |
| propertyCondition: | Resale |
| zoningDescription: | Commercial |
| highSchoolDistrict: | Gatesville ISD |
| middleOrJuniorSchool: | Gatesville |
| elementarySchoolDistrict: | Gatesville ISD |
| propertySubTypeAdditional: | Acreage |
| middleOrJuniorSchoolDistrict: | Gatesville ISD |
© 2026 Central Texas Multiple Listing Service. The data relating to real estate for sale on this web site comes in part from the Central Texas Multiple Listing Service (CTMLS). Information provided is deemed reliable but not guaranteed. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing courtesy of Kim Hill Real Estate Group. Data last updated: Thursday, June 4th, 2026.
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