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State School Road
Gatesville, TX 76528
Land For Sale · 400.00 AC

INVESTMENT HIGHLIGHTS

  • Development opportunities in a growing region. Highly efficient farming operation w irrigation and turn-key farm in the interim.

PROPERTY FACTS

Property Type Land
Property Subtype Agricultural
Proposed Use
Single Family Development
  • Agricultural
Total Lot Size 400.00 AC
Zoning AG

DESCRIPTION

HARMONY HILL HAY RANCH Farm this property now and develop Ranch or Multi-family as the region grows. Surrounded on 3 sides by the Gatesville City limits, this Ag-tract is prime for future development. City sewer already bisects the property, and multiple easements and ROW's provide 6 access points from surrounding streets. The pro-growth policies in Coryell County make doing business a pleasure compared to other jurisdictions. Currently producing 5 or 6 cutting per year of award-winning, high-protein hay, this turn-key farm is complete with hay storage, tractors and equipment, and significant irrigation infrastructure. Three phase power and City sewer throughout the property will significantly reduce future development cost. 160 acres are currently covered with 3 irrigation pivots (rare in this area) and there is ample water to irrigate many more acres. Well situated between Dallas and Austin, just 45 min West of Waco, this area benefits from strong local economies in McGregor (SpaceX), Temple, Killeen, and Waco. Ft Hood is nearby providing an abundance of federal funds to the region. Gatesville is home to numerous correctional facilities providing steady State jobs. Waco and Baylor University are an easy drive and provide a variety of cultural and dining options. With it's rolling topography, this area is on the edge of the Texas Hill Country, but has not yet inflated to the level of Dripping Springs and areas West of Austin. Assembled over decades by a local attorney and pillar of the community, this property offers multiple farming, recreational and development options. 1/2 of Seller's minerals to convey. The property has 3 registered water wells, and a large domestic water line now runs down State School Road. A typical year generates the equivalent of 30,000 square hay bales. The operation can pack round or square bales, whichever the market prefers. Two power grids to choose from: Hamilton Electric Co Op and Texas New Mexico Power both bisect to property. Milo and sunflowers provide good bird habitat on parts of the property and deer and other animals are abundant along the year-round creek. The topsoil is generally 3-4' deep followed by a layer of caliche (which could be mined) then a layer of clay below which helps the tanks to hold water. Buyers to be pre-qualified in order to tour the property. Survey, additional pictures and drone shots forthcoming.

  • Listing ID: 25694565

  • Date on Market: 5/12/2022

  • Last Updated:

  • Address: State School Road, Gatesville, TX 76528

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