UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $41
Subdivision Airport Annex
MLS Listing ID 626887
Construction Status Fixer,Resale
HOA Y/N No
Year Built 1970
Lot Size 1.480 Acres
Acres 1.48
Property Sub-Type Commercial
Property Description
The layout was pure Texas honky-tonk. Up front, a bar room with the main counter and a few pool tables. Through the back, a wide-open dance hall and a raised stage where regional bands played while the floor filled up. Cold beer, cue sticks, and live country music. Same recipe, same address the town still remembers.
Now 134 Airport Road sits inside the Gatesville city limits on 1.48 acres, beside Gatesville Municipal Airport (GOP) and inside a designated Opportunity Zone. The city airport is at 137 Airport Road, about three miles west of the square: a 3,400-foot runway, general aviation traffic, self-serve fuel, and Centex Aviation on the field. Pilots already know the road. Locals already know the name.
The Opportunity Zone is the quiet extra. Investors who reinvest eligible capital gains through a Qualified Opportunity Fund may qualify for federal tax benefits on a qualifying project here, including deferral and, with the required holding period, favorable treatment of new gains. Rules, deadlines, and tract status apply. A tax advisor should confirm before anyone underwrites it.
Bring it back as a bar and dance hall. Or lean into the runway: a fly-in hangout, pilot lounge and café, event barn, private club, or a mixed commercial use that puts aircraft, live music, and Highway 36 traffic in the same parking lot. The bones of a legend are here. The audience never really left. The tax map may help pay for the comeback.
Location
State TX
County Coryell
Zoning C
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Concrete
Fireplace No
Exterior
Parking Features Circular Driveway, Parking Space(s)
Community Features None
Utilities Available Electricity Available, Water Available
Amenities Available None
View Y/N No
Water Access Desc Public
View None
Roof Type Metal
Accessibility None
Building
Story 1
Entry Level One
Foundation Slab
Sewer Public Sewer
Water Public
Level or Stories One
Construction Status Fixer,Resale
Schools
Elementary Schools Gatesville
Middle Schools Gatesville
High Schools Gatesville
School District Gatesville Isd
Others
Tax ID 111184
NEARBY SCHOOL & BUSINESS
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