204 E Gassaway Ave, Lott, TX 76656
Townsite Of Lott · Falls County
Key Facts
Description
Discover this opportunity in the heart of Lott, Texas! A town rich in history and poised for growth. Strategically located just 25 minutes from downtown Temple and 45 minutes from Waco, this property offers access to major markets while retaining the charm of small-town life. This property is one of Lott's landmarks, known as the- The Western Fair, a renowned Western wear store that once drew visitors from across the state. Although it has since closed, its legacy contributes to the town's unique character and community pride. This commercial property comes with the significant advantage of having no restrictions (buyer to verify with City of Lott), providing you with the freedom to develop or repurpose the space to suit a variety of business ventures. Whether you're considering retail, residential, hospitality, or a mixed-use development, the possibilities are vast. Investing in this property means becoming part of a community with deep roots and a welcoming atmosphere. Seize this rare opportunity to own a piece of Lott's heritage and contribute to its vibrant future. With its strategic location, unrestricted potential, and rich history, this commercial property is a must-have for discerning investors. Neighboring properties for sale as well and can all be purchased as package together.
Property Information
Property Type
Commercial Sale
Sub-Type
Mixed Use
Year Built
1960
Living Area
2,940 sq ft
Lot Size
0.10 acres
Parking Spaces
10
Zoning
No zoning or restriction
Days on Market
74
MLS® Listing#
9328380
Property Features
Cooling
Heating
Flooring
Parking
Construction
Other Structures
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$1,277
Tax year 2025
Assessed Value
$54,710
Parcel Number
204 E GASSAWAY AVE LOTT, TX 76656
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/320, property located just past 2nd Street on the left. 4th Building on the left.
Affordability Calculator
$10,000
Estimated monthly payment
$266/mo
Principal $40,000 · Est. interest $55,804 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 88% below the area median.
- Its price per sq ft is 91% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Lott, TX.
Location
Points of Interest in Lott, TX
Showing the Lott area map.
Nearby Schools
Rosebud-Lott Elementary
Elementary · 4.9 mi away
Rosebud-Lott Middle
Secondary · 4.9 mi away
Chilton Isd
Elementary · 5.5 mi away
Chilton School
School · 5.5 mi away
Westphalia Isd
School · 7.6 mi away
Marlin Independent School District
School · 10.8 mi away
Marlin Elementary School
Elementary · 11.7 mi away
Marlin High School
Secondary · 11.8 mi away
Marlin Middle School
Secondary · 11.8 mi away
Bruceville-Eddy High School
Secondary · 14.4 mi away
Bruceville-Eddy Independent School District
Secondary · 14.4 mi away
Troy Head Start
School · 15.3 mi away
Troy Elementary School
Elementary · 15.4 mi away
Troy Middle School
Elementary · 15.5 mi away
Troy Isd
School · 15.8 mi away
Troy High School
Secondary · 16.0 mi away
Mays Elementary School
Elementary · 16.2 mi away
Raymond Mays Middle
Secondary · 16.4 mi away
Absolutely Super Kids
School · 16.4 mi away
Lorena Independent School District
School · 16.5 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 204 E Gassaway Avenue, Lott, TX | $50,000 | — | — | 2,940 |
| 204 E Gassaway, Lott, TX | $50,000 | — | — | 2,940 |
| 0 Gassaway, Lott, TX | $55,000 | — | — | 1,920 |
| 0 Gassaway Avenue, Lott, TX | $55,000 | — | — | 1,920 |
| 0 Gassaway Ave, Lott, TX | $55,000 | — | — | 1,920 |
| TBD FM 2027 Road, Lott, TX | $55,900 | — | — | — |
Moving Cost Estimate
EXIT Agents in Lott
Listing Courtesy: Compass RE Texas, LLC - (254) 718-3062
Last Updated: 2026-03-06