Sue Milam Reed, Broker Associate

201 Fm-116, Gatesville, TX 76528

$3,988,293
  • 201 Fm-116, Gatesville, TX 76528 Main Photo

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Active
LOT SIZE 116.000 acres MLS#21158206
STATUSActive PROPERTY TYPELand - Commercial SUBDIVISIONAirport Annex SCHOOLGatesville ISD

Property Description

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.

201 Fm-116 | MLS# 21158206

This land located at 201 Fm-116, Gatesville, TX 76528 is currently listed for sale with an asking price of $3,988,293. The property has approximately 116.00 Acres. Fm-116 is located within the Gatesville ISD school district. Search Gatesville real estate on suemilamreed.kellyrealtors.com today.

Property Features

Property Type: Land - Commercial
Lot Size: 116.00 Acres

Feature Descriptions

Days on Site: 41
Lot: Acreage, Agricultural
Parcel#: 111168
Utilities: Electricity Available

Local Schools

Elementary School: Gatesville
School District: Gatesville ISD

Listed By / Shown By

Listed By

Agency Name: Kim Hill Real Estate Group
Agent Name: Kim Hill

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Shown By

Agent Name: Sue Milam Reed, Broker Associate
Agent Phone: (254) 744-3364
Agency Title: Kelly, Realtors

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Estimated Payment

$ 10,039.47 per month $8,876.21 Principal & Interest $0.00 Property Tax (data not provided by mls) $1,163.25 Homeowner's Insurance

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