112 Gassaway Avenue

Lott, TX 76656
$178,500
2,400 sqft

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.

Property Type: Commercial - Business
MLS Status: Active
MLS: 21268322
Year Built:
County: Falls
Tract or Division: Townsite Of Lott
List Date: 05/14/2026
Area:
Square Feet: 2,400
Total Beds:
Full Baths:
Half Baths:
Acres: 0.09
Lot Size (sqft): 3,920

800.451.8055

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Interior Features

 
Floor Coverings:
  • Concrete
Virtual Tour:

Exterior Features

 
Parking:
  • AlleyAccess
  • OnStreet
Roof Type:
  • Metal
Siding:
  • Brick
Foundation:
  • Slab

Utilities

 
Heating/Cooling:
  • Central
  • Electric
Utilities:
  • ElectricityAvailable
  • NaturalGasAvailable
  • SewerAvailable
  • WaterAvailable

Additional Property Details

 
Listing Agent: Felicia Galvez-Mauldin
Broker: Compass RE Texas, LLC.
Listed by: Felicia Galvez-Mauldin, Compass RE Texas, LLC.

Location

Schools

School Name Grades Admission
Rosebud-Lott High School 9 - 12 Regular
Rosebud-Lott Middle School 7 - 8 Regular
Rosebud-Lott Elementary School PK - 6 Regular
3 Schools

*All school information should be verified by local Independent School District.

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* Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer.

The information contained herein is furnished by the owner to the best of his/her knowledge, but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.

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