
112 Gassaway, Lott, TX 76656
Townsite Of Lott · Falls County
Key Facts
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
Cooling
Heating
Flooring
Construction
Foundation
Roof
Utilities
Sewer
Water Source
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.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 6.754 County Road 473, Lott, TX | $159,900 | — | — | — |
| 6.75 CR 473, Lott, TX | $159,900 | — | — | — |
| 112 Gassaway Avenue, Lott, TX | $178,500 | — | — | 2,400 |
| 116 Gassaway Avenue, Lott, TX | $178,500 | — | — | 2,400 |
| 116 Gassaway, Lott, TX | $178,500 | — | — | 2,400 |
Moving Cost Estimate
Listing Courtesy: Compass Re Texas, Llc - (214) 814-8100




