TBD Fm 116
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.
View full listing details| Price: | $2,200,000 |
|---|---|
| Address: | TBD Fm 116 |
| City: | Gatesville |
| State: | Texas |
| Zip Code: | 76528 |
| Subdivision: | Western Annex |
| MLS: | 602157 |
| Acres: | 42.76 |
| Lot Square Feet: | 42.76 acres |
| view: | None |
|---|---|
| sewer: | Other, See Remarks |
| levels: | None |
| viewYN: | no |
| cooling: | None |
| heating: | None |
| coolingYN: | no |
| heatingYN: | no |
| mlsStatus: | 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. |
| highSchool: | Gatesville |
| permission: | IDX |
| possession: | Closing & Funding, Closing |
| postalCity: | Gatesville |
| disclosures: | Agricultural Exemption |
| possibleUse: | Unimproved |
| waterSource: | Other, See Remarks |
| waterfrontYN: | no |
| waterBodyName: | None |
| countyOrParish: | Coryell |
| humanModifiedYN: | no |
| parkingFeatures: | None |
| roadSurfaceType: | Paved |
| elementarySchool: | Gatesville |
| roadFrontageType: | Highway |
| communityFeatures: | None |
| foundationDetails: | None |
| propertyCondition: | Resale |
| highSchoolDistrict: | Gatesville ISD |
| associationAmenities: | None |
| middleOrJuniorSchool: | Gatesville |
| accessibilityFeatures: | None |
| elementarySchoolDistrict: | Gatesville ISD |
| propertySubTypeAdditional: | Commercial, Unimproved Land |
| 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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