Development Land with FM 116
For Sale
$2,200,000
129 FM 116, Gatesville, TX 76528
LAND - Gatesville, TX
Lot Size42.76 Acres
Days on Market55
Property Features for 129 FM 116
General Information
Property type
Land
Property subtype
Other
Zoning description
Commercial
Subdivision
Western Annex
Lot features
Acreage, Level, City Lot
Elementary school
Gatesville
Middle school
Gatesville
High school
Gatesville
Elementary school district
Gatesville ISD
Middle school district
Gatesville ISD
High school district
Gatesville ISD
Directions
From Gatesville heading West on Hwy 84 (Main St), turn left onto FM 116. Property will be on the left. Turn left onto Old Pidcoke Rd to access gate to property and additional road frontage.
Standard status
Active
APN
115860
Lot size
42.76 Acres
Listing Agency:
Kim Hill Real Estate Group
(254) 277-1820
Listed By:
Kim Hill · License #0592248
(254) 277-1820
Added: Jun 7
Changed: Jul 21
Last Checked: Jul 31 at 7:06AM
MLS# 21158221
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.
Investment Insights
Based on property information with market context.
This 42.76-acre city-annexed development tract is offered with approximately 4,500 feet of paved frontage along Texas FM 116, providing strong visibility, access, and flexibility for phased planning. The FM 116 frontage is divided into two tracts, supporting a range of configurations for single- or multi-user development. The property is positioned to support commercial, industrial, mixed-use, institutional, or employment-driven projects, with city utilities available to support buildout. It also carries an AG tax status, which may help with holding costs while planning and entitlement are underway. In addition, an on-site source of road base material may help reduce certain infrastructure and roadway construction expenses.
The site is directly across from the Gatesville Municipal Airport, creating immediate regional air access that can be attractive to corporate users, logistics operations, government agencies, and defense-related needs, including executive travel. The land has the advantage of full annexation into the City of Gatesville, which can simplify development planning. The property is located near Fort Hood, an area that can support sustained demand for housing, logistics, medical, industrial, and defense-adjacent development.
For developers and investors, this is an infrastructure-ready platform designed for long-term growth in a Central Texas corridor. With substantial FM 116 frontage, airport adjacency, and available city utilities, it may be well suited to industrial, logistics, or mixed-use concepts that benefit from strong access and a scalable site plan.
The site is directly across from the Gatesville Municipal Airport, creating immediate regional air access that can be attractive to corporate users, logistics operations, government agencies, and defense-related needs, including executive travel. The land has the advantage of full annexation into the City of Gatesville, which can simplify development planning. The property is located near Fort Hood, an area that can support sustained demand for housing, logistics, medical, industrial, and defense-adjacent development.
For developers and investors, this is an infrastructure-ready platform designed for long-term growth in a Central Texas corridor. With substantial FM 116 frontage, airport adjacency, and available city utilities, it may be well suited to industrial, logistics, or mixed-use concepts that benefit from strong access and a scalable site plan.
Key Highlights
- 42.76‑acre city‑annexed development land in Gatesville, TX with approximately 4,500 ft of paved frontage on Texas FM 116
- FM 116 frontage divided into two tracts; supports phased or multi‑user development
- Annexed into the City of Gatesville and city utilities are available
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Explore this area
Business Placement
Demographics for 76528, TX
18,773
Population
7,311
Households
2.6
Avg Household Size
40
Median Age
18%
College-Educated
89%
High-School Grad
486.3 sq mi
ZIP Area
39
Density / Sq Mi
$66,989
Median Household Income
$37,705
Median Earnings
$848
Median Rent
$189,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Industrial land - City-annexed development land with paved FM 116 frontage and utilities for scalable commercial and industrial projects.
Where is this industrial 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‑acre city‑annexed development land in Gatesville, TX with approximately 4,500 ft of paved frontage on Texas FM 116; FM 116 frontage divided into two tracts; supports phased or multi‑user development; Annexed into the City of Gatesville and city utilities are available
