Description
Ask a Gatesville local where the good nights used to happen, and sooner or later you’ll hear “out by the old airport.” That was The Shandar, on Airport Road near the old Brown Airport.. 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.
-
0BEDS
-
1.48ACRES
-
0BATHS
-
01/2 BATHS
-
6,000SQFT
-
$42$/SQFT
School Information
© 2026 Central Texas MLS.
Listing courtesy of Loni Jones of Niche Real Estate: .
Description
Ask a Gatesville local where the good nights used to happen, and sooner or later you’ll hear “out by the old airport.” That was The Shandar, on Airport Road near the old Brown Airport.. 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.
© 2026 Central Texas Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or The Real Estate Home Team LLC. Data last updated: 2026-10-14T18:06:04.297.