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112 Gassaway, Lott, TX 76656

Townsite Of Lott · Falls County

Key Facts

2,400Sq Ft
0.09Lot (acres)

Description

Previously operated as a restaurant, this property is ready for its next visionary owner to bring their business dreams to life. With a full-price offer, furniture and commercial kitchen equipment are included, creating an exceptional value for investors, restaurateurs, or entrepreneurs looking to launch or expand without the massive startup costs typically associated with opening a restaurant. Incredible opportunity in the heart of historic downtown Lott along visible State Highway 320, only 25 minutes from downtown Temple and 30 minutes from Waco. The property features updated HVAC, modern lighting fixtures, updated bathroom, rear alley access, and a spacious dining area with wooden dining tables, chairs and bar stools, stage and speaker setup ideal for live music, events, entertainment, or community gatherings. The office overlooks both the stage and main dining area through an interior viewing window, offering excellent operational visibility. Commercial kitchen features include a newer ventilation hood system, fryer, grill, flat top cook station, prep station, cooler, commercial stainless steel side-by-side refrigerator, additional refrigerator, three-compartment wash sink, handwashing sink, microwave, prep carts, shelving, and more. Whether you envision a restaurant, café, event venue, music venue, or unique destination business, this property provides the foundation to step in and start building your future. Opportunities like this rarely come available at this price point with this level of included infrastructure and equipment already in place.

Property Information

Property Type

Commercial Sale

Living Area

2,400 sq ft

Lot Size

0.09 acres

Days on Market

1

MLS® Listing#

613632

Property Features

Interior

Storage

Cooling

Central AirElectric

Heating

CentralElectric

Flooring

Concrete

Construction

Brick

Foundation

Slab

Roof

Metal

Utilities

Electricity AvailableNatural Gas Available

Sewer

Public Sewer

Water Source

Public

Financial Details

Annual Taxes

$910

Tax year 2025

Parcel Number

35358

Directions

From I-35 in Temple, take Exit 299 and merge onto TX-53 E toward Lott. Continue for approximately 18 miles. Upon entering Lott, turn left onto Gassaway HWY 320, property located just past A B Davis on the left in front of City Hall.

Affordability Calculator

$35,700

Estimated monthly payment

$950/mo

Principal $142,800 · Est. interest $199,219 over 30 yrs

Neighborhood Market Statistics

How this home compares to active listings in Lott, TX

$400,000
Median Listing Price
148
Median Days on Market
1,809
Median Sq Ft
$199
Median Price / Sq Ft
10
Active Listings
  • This home’s price is 55% below the area median.
  • Its price per sq ft is 63% below the area median.

Market statistics compiled from active EXIT Realty® and MLS listings in Lott, TX.

Similar Homes Nearby

Similar Home Values

Comparable nearby listings and their asking prices.

AddressPriceBedsBathsSq Ft
6.754 County Road 473, Lott, TX$159,900
6.75 CR 473, Lott, TX$159,900
112 Gassaway Avenue, Lott, TX$178,5002,400
116 Gassaway Avenue, Lott, TX$178,5002,400
116 Gassaway, Lott, TX$178,5002,400

Moving Cost Estimate

Listing Courtesy: Compass Re Texas, Llc - (214) 814-8100

Information is provided exclusively for consumers personal, non - commerical use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2026, Central Texas Board of REALTORS

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of one or more Multiple Listing Services (MLS). Listing information is deemed reliable but is not guaranteed accurate. Copyright © EXIT Realty® and respective MLS providers.

Data provided by FortHoodAreaAssociationOfRealtors. MLS® Listing#613632. © 2026EXIT Realty®. All rights reserved.