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Downtown Flex Space with Storage
For Sale
$169,500

116 Gassaway Avenue, Lott, TX 76656

CommercialSale, Lott, TX

Property Size2,400 SF
Lot Size0.10 Acres
Price / SF$70.63
Days on Market118

Property Features for 116 Gassaway Avenue

General Information

Property type Commercial Sale
Property subtype Other
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 35356
Size 2,400 SF
Lot size 0.10 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description S2060 TOWNSITE OF LOTT BLK 81 LOT 12 .096 ACRES
Tax Annual Amount 1669
Legal Description S2060 TOWNSITE OF LOTT BLK 81 LOT 12 .096 ACRES

Utilities

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

Building Details

Floors in Building 1
Flooring type Concrete
Building materials Brick
Roof type Metal
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# 613781

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 flex space at 116 Gassaway Avenue combines an open interior with high ceilings, concrete floors, and large grade-level roll-up doors. The brick building includes attached storage areas and additional attic storage above the office. Recent improvements include updated plumbing and electrical systems, while central electric heating and cooling support year-round use.

Located in downtown Lott, the property occupies 0.1 acres and has public water and public sewer service. Its configuration accommodates a range of commercial functions, including storage, retail, office, workshop, event, and inventory uses. Zoning and permitted uses should be independently verified with the City of Lott. The property is approximately 25 minutes from downtown Temple and 30 minutes from Waco.

Key Highlights

  • 2,400 square feet of flex space on 0.1 acres
  • Large grade‑level roll‑up doors and open interior layout
  • Attached storage plus attic storage above the office

Property Analytics

Current Use

Flex space

Location Intelligence

Trade Area within ½ mile

Well-served
Demand for This Use

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 Industrial in South region

6% 2019
6.5% 2020
4% 2021
3.5% 2022
6% 2023
7.6% 2024
7.9% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Updated commercial building with an open interior, grade-level access, storage areas, and public utilities in downtown Lott.
Where is this flex space located?
The property is located at 116 Gassaway Avenue 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 feet of flex space on 0.1 acres; Large grade‑level roll‑up doors and open interior layout; Attached storage plus attic storage above the office
More about this property
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