House Description

Approximately 116 acres of city-annexed development land in Gatesville, Texas, offering a rare master-planned opportunity positioned for commercial, industrial, mixed-use, logistics, distribution, and employment-driven residential development. Strategically located with frontage and access along Texas FM 116 and Old Pidcoke Road, the property provides excellent visibility, multiple access points, and the ability to separate uses and traffic patterns, making it well suited for anchor retail or service commercial along the frontage with flex, light industrial, logistics, or distribution uses and residential or workforce housing positioned behind. City utilities are available, and the property maintains AG tax status, allowing favorable holding costs during planning, entitlement, and phased development. The site is located directly across from the Gatesville Municipal Airport, providing regional air access for corporate users, contractors, government agencies, defense-adjacent operations, and logistics support. The property is also located near Fort Hood, one of the largest military installations in the United States, driving sustained demand for housing, retail services, logistics, medical, and industrial development. The region benefits from proximity to Central Texas aerospace and advanced manufacturing activity, including SpaceX operations, supporting long-term employment growth tied to military, defense, manufacturing, and transportation sectors. Gatesville offers a business-friendly environment, low crime rate, stable workforce, and favorable tax climate, with convenient access to Waco, Temple, and Killeen and reasonable drive times to Austin, Dallas–Fort Worth, and Houston. This tract supports phased or multi-user development, campus-style projects, or master-planned mixed-use concepts with multiple exit strategies and long-term upside in a growing Central Texas corridor.

Highlights

Listed by Kim Hill , (254) 277-1820 Kim Hill Real Estate Group , (254) 277-1820. Central Texas MLS

Property Type

Vacant Land

Lot/Acreage

116

County

Coryell

Neighborhood

Airport Annex

School District

Gatesville ISD

Listing ID

602160

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Payment Breakdown

Principal Interest

$20,029

Taxes

$2,543

Home Price

$3,988,293

Home Price

Loan Details

30 yrs

6.434%

Interest Rate

Loan Type

Down Payment

20%

$797,659

Down Payment

Down Payment %

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Monthly Price:

$20,028.69

Principal

Taxes

	Principal	Taxes	HOA	Total
Monthly	$20,028.69	$2,542.54	$0.00	$22,571.23
Yearly	$240,344.30	$30,510.44	$0.00	$270,854.74
Total	$7,210,328.97	$915,313.30	$0.00	$8,125,642.27