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    Fm 116 Gatesville, TX 76528

    For Sale
    $2,200,000

    COMMERCIAL - Gatesville, TX

    Lot size:
    42.76 Acres
    Days on Market:
    35
    Last Refresh:
    Dec 10 at 9:06 am

    Property Features for Fm 116

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    115860
    Lot size
    42.76 Acres

    United Country H5 Auction & RE (903) 387-6647

    Listing agent Kim Hill (903) 387-6647 License #0592248

    Listing date Nov 6, 2025

    Copyright © 2025 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Development Land in Gatesville

    This 42.76-acre tract of land is located in Coryell County and has been annexed into the city limits of Gatesville, TX. The property offers opportunities for commercial, industrial, and residential development. It features 4,500 feet of paved frontage on Texas FM 116. The commercial frontage is divided into two tracts, making it suitable for phased development. The location and visibility make it suitable for retail, hospitality, medical, office, or government facilities. City utilities are available, and the property has AG tax status. The property has its own source of road base material, which is suitable for road construction. Gatesville has a low crime rate, favorable tax climate, and strong economy. The town's central position offers access to major highways and proximity to Fort Cavazos, Waco, Temple, and Killeen, as well as being a reasonable drive to Austin, DFW, and Houston. There is more acreage available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Gatesville
    County
    Coryell
    State
    Texas
    Longitude
    -97.9027339
    Latitude
    31.31513

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    FAQs

    What type of property is this?
    Land - 42.76 acres in Coryell County with development potential.
    Where is this land located?
    The property is located at 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: - Prime 42.76-acre development land annexed into city limits, suitable for commercial, industrial, or residential use.; - Boasting 4,500 ft. of paved frontage on Texas FM 116, offering high visibility and accessibility.; - City utilities available and AG tax status providing cost benefits during development.
    (903) 387-6647
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    Fm 116 Gatesville, TX 76528
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

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    Cap approach

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    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Fm 116 Gatesville, TX 76528
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