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    129 FM 116 Gatesville, TX 76528

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    Claim this Listing
    For Sale
    $2,200,000

    Unimproved Land - Gatesville, TX

    Type:Unimproved Land
    Lot size:
    42.76 Acres
    Added:
    Jan 26, 2026
    Days on Market:
    98
    Last Refresh:
    May 4 at 7:06 pm

    Property Features for 129 FM 116

    General Information

    Property type
    Land
    Property subtype
    Unimproved Land
    Standard status
    Active
    APN
    115860
    Lot size
    42.76 Acres

    Building Details

    Architectural style
    Other

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    Listing Contact
    Kim Hill

    Listing agent Kim Hill License #0592248

    Listing office Kim Hill Real Estate Group 2424 E Main St, Gatesville, TX

    Listing date Jan 26, 2026

    MLS# 21158221 Listing URL

    Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


    Overview

    Development Land Near Gatesville Airport

    This 42.76-acre tract of city-annexed development land in Gatesville, Texas, features approximately 4,500 feet of paved frontage on Texas FM 116, offering excellent visibility and access. The property is suitable for commercial, industrial, mixed-use, institutional, or employment-driven development, supporting phased or multi-user projects. The location directly across from the Gatesville Municipal Airport provides immediate regional air access for corporate users, logistics operations, government agencies, defense contractors, and executive travel. City utilities are available, and the entire tract has been annexed into the City of Gatesville, simplifying entitlement and development planning. The property maintains AG tax status, allowing for favorable holding costs during planning, entitlement, and development phases. An on-site source of road base material may reduce infrastructure and roadway construction costs. Located near Fort Hood, the site benefits from sustained demand for housing, logistics, medical, industrial, and defense-adjacent uses. The region also benefits from proximity to Central Texas aerospace and advanced manufacturing activity, including SpaceX operations. 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. Additional contiguous acreage is available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Dental Office Department Store Skin Care Clinic Storage Facility Car Rental Facility (Bike/Boat/Book/etc) Store Shopping Center & Mall Nursing Home

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Gatesville
    County
    Coryell
    State
    Texas
    Longitude
    -97.7854
    Latitude
    31.4272

    FAQs

    What type of property is this?
    Commercial land - 42.76 acres of development land with city utilities available.
    Where is this commercial land located?
    The property is located at 129 FM 116 Gatesville, TX.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: 42.76 acres of city‑annexed development land with **4,500 feet of paved frontage on Texas FM 116, offering excellent visibility and access.**; Located directly across from the Gatesville Municipal Airport, providing immediate regional air access.; City utilities are available, and the entire tract is annexed into the City of Gatesville, simplifying development.
    More about this property
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