Overview

  • Updated On:
  • July 31, 2025
  • acre symbol
  • 42.76 acres

Commercial Acreage with Fm 116 Frontage – Development Opportunity

$ 2,200,000
246 FM116, ,
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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.

Strategic Location and Accessibility
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 FEATURES:

Central Texas
Coryell County
Gatesville, TX
Development Opportunity
Inside City Limits
FM 116 Highway Frontage
Industrial
Investment & Income
Land for Sale
Ranches
Commercial Property

Address: 246 FM116
Area:
State/County:
Zip: 76528
Country: United States
Open In Google Maps
Property Id : 198002
Price: $ 2,200,000
County: Coryell County
Lot Size (AC): 42.76000
Year Built: N/Av
Listing ID: 42255-241006
Office ID: 5006
Listing Address: TBD FM 116, Gatesville, Texas, 76528, United States

Kim Hill

H5 Auction & Realty (Gatesville)
Call Office(903) 387-6647
Call Mobile(254) 206-0915

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Kim Hill