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Development Land with FM 116 Frontage

129 FM 116 Gatesville, TX 76528

129 FM 116, Gatesville, TX, 76528
$2,200,000
For Sale
$2,200,000

LAND - Gatesville, TX

Lot Size42.76 Acres
Days on Market173

Property Features for 129 FM 116

General Information

Property type
Land
Property subtype
Other
Standard status
Active
APN
115860
Lot size
42.76 Acres
Listing Agency Kim Hill Real Estate Group
Gatesville, TX
Listed by Kim Hill · License #0592248
Added: Jan 26 Checked: Jul 18 at 10:06 am
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.


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.

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 Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Real Estate Agency Parking Lot & Garage (Bike/Boat/Book/etc) Store Restaurant Restaurant Dental Office Storage Facility Nursing Home Nursing Home Department Store

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

FAQs

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
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