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Tbd Fm 116 Gatesville, TX 76528

For Sale
$2,200,000

Prime 42.76-acre tract, city utilities, FM 116 frontage.

Description

Added:
Feb 3, 2025
Days on Market:
311
This exceptional 42.76-acre commercial development opportunity is located in Gatesville, Texas, within Coryell County and annexed into city limits. The property boasts an impressive 4,500 feet of paved frontage along Texas FM 116, strategically divided into two tracts to facilitate phased development. This prime location offers unparalleled visibility and accessibility, making it highly suitable for a diverse range of commercial ventures, including retail, hospitality, medical facilities, office spaces, or even government buildings. City utilities are readily available, significantly streamlining the development process. Furthermore, the property currently benefits from an Agricultural tax status, offering considerable cost advantages during construction. A significant advantage is the presence of an on-site source of road base material, promising substantial cost savings in infrastructure development. Gatesville itself presents a compelling investment environment, characterized by a low crime rate, a favorable tax structure, and a robust local economy. Its central location provides convenient access to major highways and is in close proximity to Fort Cavazos (formerly Fort Hood), Waco, Temple, and Killeen. Additionally, Austin, DFW, and Houston are within a reasonable driving distance, ensuring a strong and consistent demand for both residential and commercial properties in the area. This presents a rare and exceptional opportunity to capitalize on the growth and potential of this thriving region. Additional acreage may be available. The asking price is $2,200,000.

Property Features for Tbd Fm 116

General Information

Property type
Other commercial real estate
Lot Size
1,862,626 SF

Property Profile Location Intelligence

Current Use by Public Records

Commercial real estate

Map

City
Gatesville
County
Coryell
State
Texas
Longitude
-97.78321
Latitude
31.43289

FAQs

What type of property is this?
Commercial real estate - Prime 42.76-acre tract, city utilities, FM 116 frontage.
Where is this commercial real estate located?
The property is located at Tbd Fm 116 Gatesville, TX.
What is the asking price?
The asking price for this property is $2,200,000.
More about this property
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