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$178,500 Just Listed
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Property 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.
Full Property Details
Full Property Details for 112 Gassaway
General
- Price: $178,500
- Status: Active
- Type: Commercial
- Source: Central_Texas_MLS
- MLS ID: 613632
- Updated: 5/13/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: Storage
- Flooring: Concrete
Additional Information
- Shared Amenities: Storage
Parking
- Parking Features: Parking Space(s)
Location
- County: Falls
- Subdivision: Townsite Of Lott
- Driving 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.
School Information
- Elem School District: Rosebud-Lott ISD
- Midd School District: Rosebud-Lott ISD
- High School District: Rosebud-Lott ISD
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, Trash Collection Public
Structural Information
- Construction: Brick
- Roof: Metal
- Stories/Levels: 1
- Square Feet: 2,400
- Sq. Ft. Source: Appraiser
- Year Built Source: Assessor
- Property Condition: Resale
Lot Features
- Lot Size (Acres): 0.09
- Frontage: Highway
Disclosures and Reports
- Legal Description: S2060 TOWNSITE OF LOTT BLK 81 LOT 14 .089 ACRES
- Property ID: 35358
- Block: 81
- Lot Number: 14
Listed by Compass Re Texas, Llc and Compass RE Texas, LLC
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Schools
Schools serving 112 Gassaway
School District:Rosebud-Lott Independent School District
| Name | Grades | Distance |
|---|---|---|
Rosebud-Lott Elementary School 513 South 5th Street, Lott, TX 76656 | PK-6 | 0.4 mi |
Rosebud-Lott Middle School 1789 U.S. 77, Lott, TX 76656 | 7-8 | 4.8 mi |
Rosebud-Lott High School 1789 U.S. 77, Lott, TX 76656 | 9-12 | 4.8 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 112 Gassaway
Date
Details
Price
Change
Source
5/13/2026
Listed
$178,500
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 112 Gassaway
Year
Property Taxes
Change
Tax Assessment
Change
2024
$739
320%
$76,570
183%
2019
$176
—
$27,070
190%
2019
$176
—
$9,330
68%
2019
$176
100%
$5,550
—
2014
—
$5,550
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 112 Gassaway
112 Gassaway, Lott, TX 76656 (MLS# 613632) is a Commercial property. 112 Gassaway is currently listed for $178,500 and was received on May 13, 2026. Want to learn more about 112 Gassaway? Do you have questions about finding other Commercial real estate for sale in Lott? You can browse all Lott real estate or contact a Coldwell Banker agent to request more information.
