Land for sale Gainesville, TX for Commercial & Residential Development. This property is roughly 23.6 acres that is cut out of a 300 acre tract. Wheeler Creek Dr dead ends on both ends on the north and south end of this property, as well as Mesquite ST This is Phase III of Wheeler Creek Development. See photos for how the land can be split. Development opportunity in Gainesville city limits with frontage on FM 3092, Shipley Dr, O'neal St and Wheeler Creek Dr. This property borders Phase II of Wheeler Creek Development as well as other housing subdivisions, commercial & industrial development and highway frontage!