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    204 E Gassaway Lott, TX 76656

    For Sale
    $65,000

    COMMERCIAL - Lott, TX

    Property size:
    2,940 SF
    Lot size:
    0.10 Acres
    Days on Market:
    35
    Last Refresh:
    Dec 10 at 3:06 am

    Property Features for 204 E Gassaway

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    36442
    Size
    2,940 SF
    Lot size
    0.10 Acres

    Utilities

    Water source
    Public

    Building Details

    Floors in Building
    1
    Building materials
    Brick, WoodSiding

    Elevate Texas Real Estate (254) 346-4161

    Listing agent Felicia Galvez (254) 346-4162 License #0778435

    Listing date Nov 6, 2025

    Copyright © 2025 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.

    Overview

    Lott, TX Commercial Opportunity

    Located in Lott, Texas, this commercial property is positioned approximately 30 minutes from Temple and 45 minutes from Waco. The property, formerly known as "The Western Fair," was a Western wear store. The property has no restrictions, offering development or repurposing opportunities for various business ventures, including retail, hospitality, or mixed-use development. Neighboring properties are also for sale and can be purchased as a package. The property size is 2940 square feet and the lot size is 0.096 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Nail Salon Auto Parts Store Department Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lott
    County
    Falls
    State
    Texas
    Longitude
    -97.034829
    Latitude
    31.205776

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    FAQs

    What type of property is this?
    Storefront property - Commercial property in historic Lott, Texas, with unrestricted potential.
    Where is this storefront property located?
    The property is located at 204 E Gassaway Lott, TX.
    What is the asking price?
    The asking price for this property is $65,000.
    What are key features of this property?
    This property features: - Unrestricted commercial property offering diverse development/repurposing potential.; - Strategic location: just 30 minutes from Temple, and 45 minutes from Waco.; - Landmark property with historical significance ("The Western Fair").
    (254) 346-4162
    Request Owner's contact information
    204 E Gassaway Lott, TX 76656
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    Lott, TX 76656
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    204 E Gassaway Lott, TX 76656
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