Restaurant Ready in Historic
For Sale
$178,500
112 Gassaway, Lott, TX 76656
Restaurant with equipment included, ready for new owner.
Property Size2,400 SF
Days on Market107
Property Features for 112 Gassaway
General Information
Standard status
Active
Size
2,400 SF
Property subtype
Commercial
Building Details
Building Size
2,400 SF
Stories
1
Listing Agency:
Compass Re Texas, Llc
(254) 718-3062
Listed By:
James Mauldin · License #0778435
(254) 718-3062
Source:
Elliman
Added: May 14
Changed: Aug 21
Last Checked: Aug 26 at 9:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Re Texas, Llc
Investment Insights
Based on property information with market context.
Previously operated as a restaurant, this property is located in the heart of historic downtown Lott along visible State Highway 320, approximately 25 minutes from downtown Temple and 30 minutes from Waco. It features updated HVAC, modern lighting fixtures, and an updated bathroom. The property also offers rear alley access and a spacious dining area equipped with wooden dining tables, chairs, and bar stools. A stage and speaker setup are present, suitable for live music, events, entertainment, or community gatherings. An office with an interior viewing window overlooks both the stage and the main dining area. The commercial kitchen includes a newer ventilation hood system, fryer, grill, flat top cook station, prep station, cooler, commercial stainless steel side-by-side refrigerator, an additional refrigerator, a three-compartment wash sink, a handwashing sink, a microwave, prep carts, and shelving. The property is suited for a restaurant, café, event venue, music venue, or other destination business. With a full-price offer, furniture and commercial kitchen equipment are included.
Key Highlights
- Prime location in historic downtown Lott with high visibility on State Highway 320.
- Spacious dining area with stage and speaker setup, ideal for live music, events, and community gatherings.
- Fully equipped commercial kitchen included with full‑price offer, significantly reducing startup costs.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
75
Businesses Nearby
3k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant with equipment included, ready for new owner.
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 $178,500.
What are key features of this property?
This property features: Prime location in historic downtown Lott with high visibility on State Highway 320.; Spacious dining area with stage and speaker setup, ideal for live music, events, and community gatherings.; Fully equipped commercial kitchen included with full‑price offer, significantly reducing startup costs.
