$3,900,000
201 FM 116 Gatesville, TX 76528
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$3,900,000
Est. payment /mo
124 Acres Lot
Active
201 FM 116 Gatesville, TX 76528
UPDATED:
09/30/2024 05:31 PM
Key Details
Property Type Vacant Land
Sub Type Acreage
Listing Status Active
Purchase Type For Sale
Subdivision Airport Annex
MLS Listing ID 551982
Construction Status Resale
HOA Y/N No
Lot Size 124.000 Acres
Acres 124.0
Property Description
Central Texas Development Land for Sale in Gatesville, TX. This prime 124-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.
Location
State TX
County Coryell
Interior
Fireplace No
Exterior
Fence Cross Fenced, Perimeter
Community Features None
Utilities Available Electricity Available
Waterfront No
Water Access Desc Public
View Pond
Building
Sewer Public Sewer
Water Public
Additional Building None
Construction Status Resale
Schools
Elementary Schools Gatesville
Middle Schools Gatesville
High Schools Gatesville
School District Gatesville Isd
Others
Tax ID 111168
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Kim Hill • United Country H5 Auction & RE
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