116 Gassaway, Lott, TX 76656
Townsite Of Lott · Falls County
Key Facts
Description
Versatile commercial opportunity in historic downtown Lott, conveniently located just 25 minutes from downtown Temple and 30 minutes from Waco. This move-in ready commercial space offers potential for entrepreneurs, investors, small business owners, storage use, retail, office space, workshop operations, event space, inventory storage, and more. This property has recently undergone major improvements including updated plumbing and electrical systems. Features include large grade-level roll-up doors, attached storage areas, additional attic storage space above the office, high ceilings, concrete floors, and an open interior layout designed for flexibility and functionality. Zoning and permitted uses to be independently verified with the City of Lott. Property is believed to have very limited restrictions, offering exceptional flexibility for future use and development.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Stories
1
Living Area
2,400 sq ft
Lot Size
0.10 acres
Days on Market
1
MLS® Listing#
21269951
Property Features
Cooling
Heating
Flooring
Parking
Construction
Foundation
Roof
Security
Utilities
Sewer
Water Source
Financial Details
Annual Taxes
$1,669
Parcel Number
35356
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
- 150
- 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.
Location
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Points of Interest in Lott, TX
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 6.75 CR 473, Lott, TX | $159,900 | — | — | — |
| 6.754 County Road 473, Lott, TX | $159,900 | — | — | — |
| 112 Gassaway, Lott, TX | $178,500 | — | — | 2,400 |
| 116 Gassaway Avenue, Lott, TX | $178,500 | — | — | 2,400 |
| 112 Gassaway Avenue, Lott, TX | $178,500 | — | — | 2,400 |
Moving Cost Estimate
EXIT Agents in Lott
Listing Courtesy: Compass RE Texas, LLC. - 2148148100
Presented by: Felicia Galvez-Mauldin
Last Updated: 2026-05-13