#577759, 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. This development land is a rare opportunity in a growing region.
Highlights
Home typeUnimproved Land
StatusActive
Lot size124 Acres
MLS #20684834
Virtual tour
Summary
- List Price: $4,400,000
- Lot: Trees
- 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. GPS to entrance: 31.4238, -97.7808
- Lot Size: 124 Acres
- MLS Number: 20684834
- MLS Name: NTR
- Office Name: United Country H5 Auction & Realty
- Office Phone: (254) 277-1820
- Listing Agent: Kim Hill
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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. The most common annual income of people living in Gatesville, TX is less than $<35k. The most common type of family is 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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#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.
Gatesville, TX housing market in June 2025 saw over 2 listings sold above listed price, more than 3 sold at listed price and over 9 sold below. The number of homes for sale in Gatesville, TX decreased by 12.5% between May and June 2025. In June 2025, listings were on the market for 71 days. During the same period, the median list price in this real estate market was $214,000.
From Rocket Homes Real Estate and based on county public records data.