112 Gassaway Avenue
Lott, TX, 76656 $ 178,500
Bedrooms-- Baths-- Monthly Estimate*
$ 1,099
for $178,500. The lot size is 0.09.
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.
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FeaturesGeneralHeating Central Electric
Cooling Ceiling Fan(s) Central Air Electric
Utilities City Sewer City Water Electricity Available Natural Gas Available
Ceiling Height 15 to 20 Feet
Possession Closing/Funding
Roof Metal
Year Built 9999
Business Type Variety
Property Subtype Business
Subdivision Name Townsite Of Lott
Accessibility Features Accessible Bath - Half+Hall
Occupant Type Vacant
County Falls
Property Type Commercial Sale
Construction Materials Brick
Year Built Details Preowned
Special Notes Aerial Photo
Status Active
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 t
City Lott
Standard Status Active
Listing Terms Cash Conventional
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ExteriorWaterfront 0
Lot Size Source Public Records
Parking Features Alley Access On Street
Lot Size Less Than .5 Acre (not Zero)
Foundation Slab
Building Area Total 2400.00
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InteriorFlooring Concrete
Total Stories 1
Total Units 1
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* Excluded FeaturesList ByFelicia Galvez-MauldinListing Agent
Compass Re Texas, Llc.Broker
Affordability Calculator
- Monthly Principal & Interest
- $1,099
- Monthly Property Taxes
- $76
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Lott, TX
Average List Price $99,625
Percent of Sale Price 44%
About Lott, TX 820 Population
1% Since 2002
$ 46,398 Median Income
39.1 Median Age
29% Households with Children
Trends Information provided by ATTOM Data Solutions.
288163 Elementary School
288375 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/13/2026 | $178,500 | | Listed Price |