Industrial Land Development
For Sale
$2,200,000
129 FM 116, Gatesville, TX 76528
LAND - Gatesville, TX
Property SizeContact for details
Lot Size42.76 Acres
Days on Market87
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: Aug 1
Last Checked: Sep 1 at 9:06PM
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.
Industrial land development opportunity totaling 42.76 acres of city-annexed development land in Gatesville, Texas, offered with approximately 4,500 feet of paved frontage along Texas FM 116. FM 116 frontage is divided into two tracts, supporting phased or multi-user development planning.
The property is positioned directly across from the Gatesville Municipal Airport, providing immediate regional air access that can support commercial, industrial, mixed-use, institutional, or employment-driven development. City utilities are available across the site, and the entire tract has been annexed into the City of Gatesville, which can simplify entitlement and development planning.
The tract currently maintains AG tax status, which may support holding costs during planning, entitlement, and development phases. An on-site source of road base material is also present, which may reduce infrastructure and roadway construction scope. Additional contiguous acreage is available.
The property is positioned directly across from the Gatesville Municipal Airport, providing immediate regional air access that can support commercial, industrial, mixed-use, institutional, or employment-driven development. City utilities are available across the site, and the entire tract has been annexed into the City of Gatesville, which can simplify entitlement and development planning.
The tract currently maintains AG tax status, which may support holding costs during planning, entitlement, and development phases. An on-site source of road base material is also present, which may reduce infrastructure and roadway construction scope. Additional contiguous acreage is available.
Key Highlights
- 42.76 acres of city‑annexed development land in Gatesville, TX
- Approximately 4,500 feet of paved frontage along Texas FM 116
- FM 116 frontage divided into two tracts for phased or multi‑user development
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
41
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 industrial development land with paved FM 116 frontage and city utilities for scalable, phased 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 acres of city‑annexed development land in Gatesville, TX; Approximately 4,500 feet of paved frontage along Texas FM 116; FM 116 frontage divided into two tracts for phased or multi‑user development
