TBD Fm 116
Prime 24± acre development opportunity located within the city limits of Gatesville, Texas, featuring paved frontage along Texas FM 116 with excellent visibility, access, and scalability. This tract is ideally positioned for residential development, with city utilities available and full annexation already completed—streamlining the entitlement and development process.The property currently maintains an AG exemption, offering reduced holding costs during planning and development phases. Its strategic location near Fort Hood—one of the largest military installations in the United States—drives consistent demand for housing, logistics, medical, and defense-related services.Gatesville continues to see steady growth, supported by its proximity to major Central Texas markets including Waco, Temple, and Killeen, with convenient access to Austin, Dallas-Fort Worth, and Houston. The area also benefits from expanding aerospace and advanced manufacturing activity in the region, including SpaceX operations, contributing to long-term economic stability and job growth.This is a scalable, infrastructure-ready investment opportunity in a high-demand growth corridor. Additional contiguous acreage available.Acreage is approximate and boundary lines are subject to change.
View full listing details| Price: | $624,000 |
|---|---|
| Address: | TBD Fm 116 |
| City: | Gatesville |
| State: | Texas |
| Zip Code: | 76528 |
| Subdivision: | Western Annex & W Suggott |
| MLS: | 608128 |
| Acres: | 24 |
| Lot Square Feet: | 24 acres |
| view: | Pond |
|---|---|
| sewer: | Public Sewer |
| viewYN: | yes |
| fencing: | Barbed Wire, Partial |
| horseYN: | yes |
| mlsStatus: | Active |
| utilities: | Electricity Available, Water Available |
| directions: | From Gatesville head West on Hwy 84 (Main St) and turn left on to FM 116. Property will be on your left. Follow FM 116 and turn left onto Old Pidcoke Rd for gate access to property. |
| highSchool: | Gatesville |
| permission: | IDX |
| possession: | Closing & Funding, Closing |
| postalCity: | Gatesville |
| disclosures: | Agricultural Exemption |
| possibleUse: | Residential |
| waterSource: | Public |
| listingTerms: | Cash, Conventional |
| poolFeatures: | None |
| waterfrontYN: | no |
| associationYN: | no |
| waterBodyName: | Pond/Stock Tank |
| countyOrParish: | Coryell |
| humanModifiedYN: | no |
| otherStructures: | None |
| elementarySchool: | Gatesville |
| exteriorFeatures: | None |
| roadFrontageType: | Highway |
| communityFeatures: | None |
| leaseConsideredYN: | no |
| propertyCondition: | Resale |
| zoningDescription: | Bus Com & AgSub Home |
| 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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