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    216 Gassaway St Lott, TX 76656

    Under Contract
    For Sale
    $160,000

    Office - Lott, TX

    Type:Office
    Property size:
    2,328 SF
    Lot size:
    0.10 Acres
    Days on Market:
    25
    Last Refresh:
    Dec 6 at 1:06 pm

    Property Features for 216 Gassaway St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Office
    Standard status
    Active Under Contract
    APN
    32003
    Parking features
    On Street
    Size
    2,328 SF
    Lot size
    0.10 Acres

    Utilities

    Heating system
    Other (Heating)

    Building Details

    Building materials
    Brick, Frame, Stucco
    Architectural style
    Other

    Elevate Texas Real Estate (254) 346-4162

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

    Listing date Nov 12, 2025

    MLS# 229170 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Versatile Commercial Property in Downtown

    Located in downtown Lott, this commercial property offers flexibility for development without city restrictions or zoning limitations. The building, currently used as a church, features an open layout that presents various possibilities for transformation. Updated plumbing and electrical systems are in place, ready for customization. Potential uses include a boutique, retail shop, café, or office. The property is situated approximately 30 minutes from Temple and 45 minutes from Waco, providing visibility and accessibility for customers. The building has 2328 square feet of space on a 0.096-acre lot. An adjacent empty lot is also available for purchase, offering room for expansion, additional parking, or outdoor space.
    Location Intelligence

    Current Use by Public Records

    Churches & religious facilities

    Map

    City
    Lott
    County
    Falls
    State
    Texas
    Longitude
    -97.034794
    Latitude
    31.206136

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    FAQs

    What type of property is this?
    Church & religious facility - Adaptable commercial space in a growing, business-friendly community.
    Where is this church & religious facility located?
    The property is located at 216 Gassaway St Lott, TX.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: - No city restrictions offer development flexibility without zoning limitations.; - **Updated plumbing and electrical systems are ready for customization.**; - Located in downtown Lott, a growing, business-friendly community.
    (254) 346-4162
    Request Owner's contact information
    216 Gassaway St 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
    216 Gassaway St Lott, TX 76656
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