Downtown Lott Commercial
For Sale
$178,500
116 Gassaway Ave, Lott, TX 76656
Move-in ready commercial space with recent updates and flexible layout.
Property Size2,400 SF
Days on Market106
Property Features for 116 Gassaway Ave
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) 702-2957
Listed By:
Felicia Galvez-Mauldin · License #0778435
(254) 702-2957
Source:
Elliman
Added: May 17
Changed: Aug 21
Last Checked: Aug 29 at 1:34PM
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.
Located in historic downtown Lott, this commercial space is approximately 25 minutes from downtown Temple and 30 minutes from Waco. The property is move-in ready and suitable for entrepreneurs, investors, small business owners, storage, retail, office space, workshop operations, event space, and inventory storage. Recent improvements include updated plumbing and electrical systems. Features include large grade-level roll-up doors, attached storage areas, additional attic storage space above the office, high ceilings, concrete floors, and an open interior layout. The property is believed to have very limited restrictions, offering flexibility for future use and development. Zoning and permitted uses to be independently verified with the City of Lott. The bike score is 32, indicating it is somewhat bikeable, and the walk score is 18, indicating it is car-dependent.
Key Highlights
- Move‑in ready commercial space with recent major improvements to plumbing and electrical systems.
- Conveniently located in historic downtown Lott, 25 minutes from Temple and 30 minutes from Waco.
- Open interior layout, high ceilings, and concrete floors provide flexibility for various uses.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Move-in ready commercial space with recent updates and flexible layout.
Where is this flex space located?
The property is located at 116 Gassaway Ave 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: Move‑in ready commercial space with recent major improvements to plumbing and electrical systems.; Conveniently located in historic downtown Lott, 25 minutes from Temple and 30 minutes from Waco.; Open interior layout, high ceilings, and concrete floors provide flexibility for various uses.
