Crystal Miller, Listing Office: Miller Home Team
Property details
About 201 Fm 116
Central Texas Development Land for Sale in Gatesville, TX. This prime 124-acre tract in Coryell County, annexed into the city limits, offers opportunities for commercial, industrial, and residential development. With 4,500 ft. of paved frontage on Texas FM 116, the commercial frontage is divided into two tracts, ideal for phased development. The strategic location and visibility make it suitable for retail, hospitality, medical, office, or government facilities. Additionally, the property has city utilities available and AG tax status, providing cost benefits during development. The property boasts its own source of road base material, ideal for road construction, offering significant cost savings for development. Gatesville, with its low crime rate, favorable tax climate, and strong economy, is attractive for businesses and homeowners. The town's central position offers access to major highways and proximity to Fort Cavazos (formally known as Fort Hood), Waco, Temple, and Killeen, as well as being a reasonable drive to Austin, DFW, and Houston, ensuring demand for housing and commercial spaces. This development land is a rare opportunity in a growing region.
Highlights
Home typeOther
StatusActive
Lot size124 Acres
MLS #551982
ViewPond
Summary
- MLS Number: 551982
- MLS Name: CentralTexas
- Office Name: United Country H5 Auction & RE
- Office Phone: (903) 387-6647
- Listing Agent: Kim Hill
Data provided by the Central Texas MLS IDX program. Information deemed reliable but not guaranteed. Some properties which appear for sale may no longer be available due to no longer being offered for sale. The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. ©2025 Central Texas MLS, All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
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Last updated on: 1/22/2025, 12:15:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,900,000
201 Fm 116
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Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2021 | $2,540 | $57 |
| 2020 | $2,540 | $56 |
| 2019 | $2,540 | $56 |
| 2018 | $2,380 | $54 |
| 2017 | $2,380 | $53 |
History based on county public records data.
Nearby schools
6
Gatesville Elementary School
Public District 1-3
3.9 mi
•2537 E Main St
9
Clarke Elementary School
Public District KG-3
20.0 mi
•51600 Comanche Ave
8
Oveta Culp Hobby Elementary School
Public District PK-5
20.0 mi
•53210 Lost Moccasin
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $40,500. Typical income of Gatesville, TX residents is less than $<35k annually. The majority of families are single, no kids. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
46%
<35k
38%
35k-100k
13%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
38%
Single, No Kids
13%
Single, with Kids
32%
Married, No Kids
17%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
15%
<11 yrs old
9%
12-17 yrs old
17%
18-34 yrs old
38%
35-64 yrs old
21%
65+ yrs old
What do the neighbors do for fun?
NASCAR
Monster Trucks
Hunting
Where do the neighbors shop?
Dollar General
Wal-Mart
Bass Pro Shops
Where do the neighbors go to eat?
Hardee's
Jimmy Johns
Applebees
What do the neighbors drive?
GMC
Chevrolet
Ram
What do the neighbors listen to?
Classic Country- Country
New Country
All data provided by Home Junction and Claritas
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Frequently asked questions
About 201 Fm 116
This home is located at 201 Fm 116 in Gatesville, TX and zip code 76528. Features: 0 bathroom. It has been listed on Rocket Homes since July 27, 2024 and is currently priced at $3,900,000.
The number of homes for sale in Gatesville, TX increased by 15.7% between November and December 2024. Listings spent 122 days on the market in December 2024, and had a median list price of $257,500 during the same period.
From Rocket Homes Real Estate and based on county public records data.