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Restaurant Property with Commercial Kitchen
For Sale
$169,500

112 Gassaway, Lott, TX 76656

CommercialSale, Lott, TX

Property Size2,400 SF
Lot Size0.09 Acres
Price / SF$70.63
Days on Market118

Property Features for 112 Gassaway

General Information

Property type Commercial Sale
Property subtype Other
Interior features Storage
Subdivision Townsite Of Lott
Lot features City Lot, Less Than Quarter Acre
Elementary school district Rosebud-Lott ISD
Middle school district Rosebud-Lott ISD
High school district Rosebud-Lott ISD
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.
Standard status Active
APN 35358
Size 2,400 SF
Lot size 0.09 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description S2060 TOWNSITE OF LOTT BLK 81 LOT 14 .089 ACRES
Tax Annual Amount 910
Legal Description S2060 TOWNSITE OF LOTT BLK 81 LOT 14 .089 ACRES

Utilities

Sewer type Public Sewer
Heating system Electric (Heating), Central
Cooling system Central Air, Electric
Water source Public

Amenities

updated HVAC
modern lighting fixtures
updated bathroom
rear alley access
stage and speaker setup
office overlooking stage and main dining area

Building Details

Floors in Building 1
Flooring type Concrete
Building materials Brick
Roof type Metal
Additional Structures Storage
Listing Agency: Compass Re Texas, Llc
Listed By: Felicia Galvez-Mauldin · License #0778435
Added: May 13 Changed: Sep 6 Last Checked: Sep 7 at 6:06AM
MLS# 613632

Copyright © 2026 Central Texas Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This 2,400-square-foot restaurant property includes a spacious dining room, commercial kitchen, office, storage, and an updated bathroom. The dining area contains wooden tables, chairs, bar stools, a stage, and speaker equipment. An interior window connects the office with both the stage and dining room. Recent property improvements include HVAC, lighting fixtures, and bathroom updates.

The kitchen is arranged for commercial food preparation with a newer ventilation hood, fryer, grill, flat-top cook station, prep station, cooler, stainless steel side-by-side refrigerator, additional refrigerator, three-compartment sink, handwashing sink, microwave, prep carts, and shelving. The building also has rear alley access, concrete flooring, brick construction, a metal roof, and public water and sewer. Positioned along State Highway 320 in Lott, the property is approximately 25 minutes from downtown Temple and 30 minutes from Waco.

Key Highlights

  • 2,400‑square‑foot restaurant building on 0.09 acres
  • Commercial kitchen with hood, fryer, grill, flat‑top station, refrigeration, sinks, prep carts, and shelving
  • Dining room includes stage, speaker equipment, wooden tables, chairs, and bar stools

Property Analytics

Current Use

Conventional restaurants

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Auto Parts Store Dental Office Furniture & Home Goods Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Commercial hood

Location Intelligence

Trade Area within ½ mile

75
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use

Foot Traffic Nearby

Shops & Services 100%
CEFCO Shops & Services
2,770 visits/mo 0.1 miles

Demographics for 76656, TX

2,229
Population
1,066
Households
2.1
Avg Household Size
46
Median Age
20%
College-Educated
96%
High-School Grad
121.2 sq mi
ZIP Area
18
Density / Sq Mi
$74,286
Median Household Income
$47,013
Median Earnings
$825
Median Rent
$118,300
Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Conventional restaurant - Freestanding restaurant property with dining, event, office, and fully equipped kitchen areas.
Where is this conventional restaurant located?
The property is located at 112 Gassaway Lott, TX.
What is the asking price?
The asking price for this property is $169,500.
What are key features of this property?
This property features: 2,400‑square‑foot restaurant building on 0.09 acres; Commercial kitchen with hood, fryer, grill, flat‑top station, refrigeration, sinks, prep carts, and shelving; Dining room includes stage, speaker equipment, wooden tables, chairs, and bar stools
More about this property
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