Tbd Fm 116 Gatesville, TX 76528

Property Details for Tbd Fm 116

Lot size

42.76 lot acres

Property type

Commercial real estate

Description

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.

Location Insight

City

Gatesville

County

Coryell

State

Texas

Longitude

-97.7832

Latitude

31.4329