201 S FM 116, Gatesville, TX 76528

This large tract of land in Coryell County, Texas, presents excellent future income opportunities for a real estate developer. Central Texas is experiencing unprecedented land development, making this a rare opportunity for commercial, industrial, and residential projects. The property features approximately 4,500 feet of road frontage on Texas FM116, split into two tracts of 11 acres and 31 acres, making it attractive for phased development. The location is well-suited for retail, hospitality, medical, big box, office, or governmental facilities, offering great public visibility and signage. An 81-acre tract with city utilities is positioned for a residential subdivision, with over 3,800 feet of road frontage on a secondary paved road. The largest parcel is suitable for manufacturing, energy industry, and light industrial uses, including transportation-related industry. Gatesville offers advantages such as a positive community attitude, labor availability, affordable cost of living and housing, a strong school system, and a favorable tax climate with a low tax rate and a strong tax abatement program. The city's economy is based on retail, agriculture, and criminal justice, with a growing relationship with the Texas Department of Criminal Justice and several prisons in the area. Gatesville enjoys one of the lowest crime rates in the state and draws from a labor pool encompassing an area of approximately 40 miles, including portions of the Waco MSA.