#577778, Jana Carpenter, Listing Office: Dixon Realty Team|KW
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
- View: Pond
- Exterior: Fence
- List Price: $4,400,000
- Directions: From Gatesville heading West on Hwy 84 (Main St), turn left onto FM 116. Property will be on the left. Turn left onto Old Pidcoke Rd to access gate to property and additional road frontage.
- Lot Size: 124 Acres
- 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: 5/5/2025, 7:15:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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201 Fm 116
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Price information
Property sales
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Tax history
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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. Typical level of education for residents in this area is high school diploma.
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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#567979, Kim Hill, Listing Office: United Country H5 Auction & RE
Frequently asked questions
About 201 Fm 116
The listing price of 201 Fm 116 property is $4,400,000.
The property 201 Fm 116 is land located in Gatesville, Texas, 76528.
Active Listing: 201 Fm 116 is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 201 Fm 116 are: Gatesville Elementary School (GreatSchools Rating 6/10), Clarke Elementary School (GreatSchools Rating 9/10), Oveta Culp Hobby Elementary School (GreatSchools Rating 8/10), Gatesville Jr High School (GreatSchools Rating 6/10), Gatesville Intermediate School (GreatSchools Rating 4/10), Audie Murphy Middle School (GreatSchools Rating 5/10), Gatesville High School (GreatSchools Rating 5/10), Jonesboro School (GreatSchools Rating 4/10), Oglesby School (GreatSchools Rating 4/10).
The property 201 Fm 116 is 124 acres.
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 $4,400,000.
In April 2025 more than 3 listings in Gatesville, TX were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 8 were sold below. Between March and April 2025, Gatesville, TX real estate market has seen increase in the number of listings by 8.4%. While the average time on the market in April 2025 was 89 days, the median list price was $244,000.
From Rocket Homes Real Estate and based on county public records data.