314 Fm 116, Gatesville, TX 76528 - Photo 1

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$315,000 -$35,000 (-10%) Price Reduced

For Sale
Active
Commercial
5,580 Sq. Ft.
1.03 Acres
Updated 14 hours ago

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Property Description

Commercial metal building for sale just outside the Gatesville city limits. Previously home to Sawdust & Splinters, the business is consolidating back to its original location. The building is for sale only-no equipment is included. This versatile space offers two bathrooms, a break room/kitchen area, and an office with a window unit. There's a separate room that could serve as a drive-through, paint booth, or specialty workspace. A large open area provides plenty of room for storage, auto repair, a beer barn, building surplus shop-let your imagination take over! The lot includes ample parking, a small storage barn in the back, and a rear deck for easy loading. Mature trees offering a shaded outdoor break area for employees. A great location with endless potential for your next business venture.

Full Property Details

Full Property Details for 314 Fm 116

General

Price: $315,000
Status: Active
Type: Commercial
Source: Central_Texas_MLS
MLS ID: 587774
Updated: 3/14/2026
Added to Site: 232 day(s) ago

Interior

Flooring: Concrete

Parking

Parking Features: Parking Space(s)

Location

County: Coryell
Subdivision: B Eilers
Building Name: Sawdust & Splinters
Driving Directions: From Coryell Hospital travel west to FM 116 turn left, Sawdust & Splinters is on the right

School Information

Elem School District: Gatesville ISD
Midd School District: Gatesville ISD
High School District: Gatesville ISD
Elementary School: Gatesville
Middle School: Gatesville
High School: Gatesville

Heating & Cooling

Air Conditioning: Yes
Cooling Type: Wall/Window Unit(s)
Heating Type: Other, See Remarks

Utilities

Sewer: Septic Tank
Water: Community/Coop
Utility Description: Electricity Available

Structural Information

Construction: Metal Frame
Stories/Levels: 1
Square Feet: 5,580
Sq. Ft. Source: Appraiser
Year Built: 1985
Year Built Source: Assessor
Property Condition: Resale

Lot Features

Lot Size (Acres): 1.03

Disclosures and Reports

Legal Description: 0323 B EILERS, ACRES 1.03
Inclusions: Building(s)
Property ID: 103045

Listed by Dixon Realty Team|KW

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— 314 Fm 116 —

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254-493-8004

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Schools

Schools serving 314 Fm 116

School District:Gatesville Independent School District

Name	Grades	Distance
Gatesville Elementary School 2537 East Main Street, Gatesville, TX 76528	1-3	4.2 mi
Gatesville Primary School 308 Hornet Way, Gatesville, TX 76528	PK-K	4.2 mi
Gatesville Intermediate School 311 Hornet Way, Gatesville, TX 76528	4-6	4.2 mi
Gatesville J High School 307 South Lovers Lane, Gatesville, TX 76528	7-8	4 mi
Gatesville High School 205 South Lovers Lane, Gatesville, TX 76528	9-12	4.1 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 314 Fm 116 Get Price Alerts and Save Property

Date

Details

Price

Change

Source

3/14/2026

Price Reduced

$315,000

-10%

MLS

12/29/2025

Price Reduced

$350,000

-6.67%

MLS

7/26/2025

Listed

$375,000

—

MLS

Get Price Alerts and Save Property

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 314 Fm 116

Year

Property Taxes

Change

Tax Assessment

Change

2024

$1,039

9%

$75,680

-2%

2023

$951

—

$76,900

3%

2023

$951

-9%

$74,390

4%

2022

$1,043

7%

$71,360

14%

2021

$974

-6%

$62,500

2%

2020

$1,041

—

$61,050

-2%

2019

$1,037

-5%

$62,430

11%

2017

$1,087

—

$56,390

-10%

2017

$1,087

1%

$62,720

-2%

2016

$1,078

—

$64,110

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

Estimate the Cost for 314 Fm 116

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314 Fm 116, Gatesville, TX 76528 (MLS# 587774) is a Commercial property. 314 Fm 116 is currently listed for $315,000 and was received on July 26, 2025. Want to learn more about 314 Fm 116? Do you have questions about finding other Commercial real estate for sale in Gatesville? You can browse all Gatesville real estate or contact a Coldwell Banker agent to request more information.

314 Fm 116 Gatesville, TX 76528