201 Fm 116 Gatesville, TX 76528

Property Details for 201 Fm 116

Lot size

124.00 lot acres

Property type

Specialty properties

Property subtype

Land

Description

This exceptional 124-acre property in Gatesville, Coryell County, Texas, presents a unique opportunity for diverse development. Zoned for commercial, mixed-use, educational, healthcare, and multi-family uses, this expansive tract offers significant potential for substantial returns. The land is divided into two key parcels: a 45-acre section with 4,500 feet of road frontage on FM 116, ideal for commercial development, and an 81-acre section with over 3,800 feet of road frontage on a secondary paved road, perfectly suited for residential subdivision. City utilities are available near the residential parcel. Both parcels are currently taxed at Agricultural status, offering cost savings for the new owner during the entitlement process. The property's strategic location in Gatesville offers numerous advantages. Gatesville boasts a strong economy, low tax rates, a robust tax abatement program, and a low crime rate. Its central location at the intersection of State Highways 84 and 36 provides easy access to I-35, facilitating commerce and trade. The area benefits from a substantial labor pool, including proximity to Fort Hood and a diverse economy encompassing retail, agriculture, and the criminal justice sector. Excellent healthcare facilities, including Coryell Health and several others within a 30-minute radius, further enhance the property's appeal. The Gatesville Municipal Airport, located nearby, provides additional convenience. The town's streamlined development approval process encourages growth and renewal, making this a highly attractive investment. The asking price for this remarkable property is $3,900,000.

Location Insight

City

Gatesville

County

Coryell

State

Texas

Longitude

-97.7873

Latitude

31.4229