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.
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$178,500 Just Listed
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Property 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.
Full Property Details
Full Property Details for 116 Gassaway
General
- Price: $178,500
- Taxes: $1,669
- Status: Active
- Type: Business
- Source: NTREIS
- MLS ID: 21269951
- Updated: 5/14/2026
- Added to Site: Today
Business
- Business Type: Other, Laundromat, Storage
Interior
- Flooring: Concrete
Additional Information
- Security/Safety: Prewired, Security System
Parking
- Parking Features: On Street
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.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Ceiling Fan(s), Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Available, Natural Gas Available, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Roof: Metal
- Stories/Levels: 1
- Square Feet: 2,400
- Sq. Ft. Source: Public Records
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,356
- Lot Size Source: Public Records
- Frontage: Highway
- Topography: Varied
- Lot Features: Acreage
- Potential Use: Industrial, Medical/Dental, Office, Place of Worship, Restaurant, Retail, Warehouse
- Zoning: Buyer to verify zoning with City of Lott
Financial Considerations
- Tax Amount: $1,669
- Terms: Cash, Conventional
- Owner Pays: None
- Tenant Pays: None
Disclosures and Reports
- Documents Avail.: Aerial
- Legal Description: S2060 TOWNSITE OF LOTT BLK 81 LOT 12 .096 ACRES
- Inclusions: Building Only
- Property ID: 35356
- Block: 81
- Lot Number: 12
Listed by Compass RE Texas, LLC., Felicia Galvez-Mauldin
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Listing agent
— 116 Gassaway —
Felicia Galvez-Mauldin
Compass RE Texas, LLC.
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 116 Gassaway
School District:Rosebud-Lott Independent School District
| Name | Grades | Distance |
|---|---|---|
Rosebud-Lott Elementary School 513 South 5th Street, Lott, TX 76656 | PK-6 | 0.5 mi |
Rosebud-Lott Middle School 1789 U.S. 77, Lott, TX 76656 | 7-8 | 4.7 mi |
Rosebud-Lott High School 1789 U.S. 77, Lott, TX 76656 | 9-12 | 4.7 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 116 Gassaway
Tax History
Tax History for 116 Gassaway
Year
Property Taxes
Change
Tax Assessment
Change
2024
$1,499
173%
$71,500
30%
2019
$550
—
$54,930
231%
2019
$550
—
$16,580
-4%
2019
$550
100%
$17,310
—
2014
—
$17,310
—
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 116 Gassaway
116 Gassaway, Lott, TX 76656 (MLS# 21269951) is a Business property. 116 Gassaway is currently listed for $178,500 and was received on May 13, 2026. Want to learn more about 116 Gassaway? Do you have questions about finding other Business real estate for sale in Lott? You can browse all Lott real estate or contact a Coldwell Banker agent to request more information.