TBD FM 116, Gatesville, Coryell, Land, , 0

$ 624,000
Active

Overview

  • Updated On:
  • March 24, 2026

Description

Prime 24± acre development opportunity located within the city limits of Gatesville, Texas, featuring paved frontage along Texas FM 116 with excellent visibility, access, and scalability. This tract is ideally positioned for residential development, with city utilities available and full annexation already completed—streamlining the entitlement and development process.
The property currently maintains an AG exemption, offering reduced holding costs during planning and development phases. Its strategic location near Fort Hood—one of the largest military installations in the United States—drives consistent demand for housing, logistics, medical, and defense-related services.
Gatesville continues to see steady growth, supported by its proximity to major Central Texas markets including Waco, Temple, and Killeen, with convenient access to Austin, Dallas-Fort Worth, and Houston. The area also benefits from expanding aerospace and advanced manufacturing activity in the region, including SpaceX operations, contributing to long-term economic stability and job growth.
This is a scalable, infrastructure-ready investment opportunity in a high-demand growth corridor. Additional contiguous acreage available.
Acreage is approximate and boundary lines are subject to change.

Address: TBD FM 116
State/County:
Zip: 76528
Country: United States

Property Id: 496462
Price: $ 624,000
Property Lot Size: 24 ft2
ContractStatusChangeDate: 2026-03-23
Directions: From Gatesville head West on Hwy 84 (Main St) and turn left on to FM 116. Property will be on your left. Follow FM 116 and turn left onto Old Pidcoke Rd for gate access to property.
Disclosures: AgriculturalExemption
ElementarySchool: Gatesville
ElementarySchoolDistrict: Gatesville ISD
Fencing: BarbedWire, Partial
HighSchool: Gatesville
HighSchoolDistrict: Gatesville ISD
InternetAddressDisplayYN: 1
ListAgentAOR: FortHoodAreaAssociationOfRealtors
ListAgentDirectPhone: (254) 277-1820
ListAgentEmail: kim@hillcountrypros.com
ListAgentFirstName: Kim
ListAgentFullName: Kim Hill
ListAgentKey: 8900858
ListAgentLastName: Hill
ListAgentMiddleName: A
ListAgentMlsId: H592248000
ListAgentOfficePhone: (254) 277-1820
ListAgentPreferredPhone: (254) 277-1820
ListAgentStateLicense: 0592248
ListOfficeAOR: FortHoodAreaAssociationOfRealtors
ListOfficeKey: 6396067
ListOfficeMlsId: H795554427
ListOfficeName: Kim Hill Real Estate Group
ListOfficePhone: (254) 277-1820
ListingAgreement: ExclusiveRightToSell
ListingContractDate: 2026-03-23
MLS ID: 608128
ListingTerms: Cash, Conventional
LotSizeArea: 24
MiddleOrJuniorSchool: Gatesville
MiddleOrJuniorSchoolDistrict: Gatesville ISD
MlsStatus: Active
Last Modified: March 24, 2026 at 03:20am
OnMarketDate: 2026-03-23
OriginalListPrice: 624000
OriginatingSystemKey: 57532495
OriginatingSystemName: CTEXAS
PhotosCount: 14
PropertyCondition: Resale
Sewer: PublicSewer
StateOrProvince: TX
StatusChangeTimestamp: March 23, 2026 at 02:56pm
StreetName: FM 116
StreetNumber: TBD
TaxLegalDescription: 1+/- Acre out of Western Annex, Block 9, Acres 11.0 and 23+/- Acres out of 0912 W Suggott, Acres 81.24
Utilities: ElectricityAvailable, WaterAvailable
View: Pond
WaterSource: Public
ZoningDescription: Bus Com & AgSub Home

Other Features
1
Can Raise Horses
Has a View
None

$ 3,199.37
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,419.37

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Heidi Brautigan