FM 116
Gatesville, TX 76528
42.76 acres | #567965
Description
Central Texas Development Land for Sale in Gatesville, TX. This prime 42.76-acre tract in Coryell County, annexed into the city limits, offers opportunities for commercial, industrial, and residential development. With 4,500 ft. of paved frontage on Texas FM 116, the commercial frontage is divided into two tracts, ideal for phased development. The strategic location and visibility make it suitable for retail, hospitality, medical, office, or government facilities. Additionally, the property has city utilities available and AG tax status, providing cost benefits during development. The property boasts its own source of road base material, ideal for road construction, offering significant cost savings for development. Gatesville, with its low crime rate, favorable tax climate, and strong economy, is attractive for businesses and homeowners. The town's central position offers access to major highways and proximity to Fort Cavazos (formally known as Fort Hood), Waco, Temple, and Killeen, as well as being a reasonable drive to Austin, DFW, and Houston, ensuring demand for housing and commercial spaces. This development land is a rare opportunity in a growing region. There is more acreage available.
Property Details
- Sewer InformationOther, SeeRemarks
- Utility SourceOther, SeeRemarks
- School DistrictGatesville ISD
- Elementary SchoolGatesville
- Middle SchoolGatesville
- High SchoolGatesville
- Original List Price$2,200,000
- Property SubtypeCommercial
- Property TypePurchase
- CountyCoryell
- Cost2200000
- MLS #567965
- MLS #567965
- Acres42.76
Location
Legal
Central Texas MLS | Four Rivers Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Jeremy Fay may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. Copyright ©2022 All rights reserved.
Last Updated: . Source: CTXMLS
Listing Courtesy
Listing Agent: Kim Hill (#H592248000)
Listing Office: United Country H5 Auction & RE (#H795554320)
Interested in Purchasing FM 116?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
