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Downtown Lott Commercial Space
For Sale
$169,500

116 Gassaway, Lott, TX 76656

Versatile commercial space in historic downtown Lott, Texas.

Property Size2,400 SF
Price / SF$70.63
Days on Market96

Property Features for 116 Gassaway

General Information

Standard status Active
Size 2,400 SF
Zoning Buyer to verify zoning with City of Lott

Taxes and HOA fees

Annual Taxes $1,669

Amenities

Ceiling Fan(s), Central Air, Electric
Central, Electric
On Street

Building Details

Building Size 2,400 SF
Stories 1
Listing Agency: Compass Re Texas, Llc
Listed By: Felicia Galvez-Mauldin · License #0778435
Source: Evrealestate
Added: May 25 Changed: Aug 25 Last Checked: Aug 26 at 5:38AM

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.

This commercial space is located in historic downtown Lott, approximately 25 minutes from downtown Temple and 30 minutes from Waco. The property is move-in ready and suitable for entrepreneurs, investors, and small business owners. Potential uses include storage, retail, office space, workshop operations, event space, and inventory storage. The property has undergone improvements, including 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 offers 2400 square feet of flex space, industrial, retail, office, and warehouse space. The property is believed to have very limited restrictions, offering exceptional flexibility for future use and development. Zoning and permitted uses to be independently verified with the City of Lott.

Key Highlights

  • Move‑in ready commercial space with recent major improvements to plumbing and electrical systems.
  • Versatile space suitable for entrepreneurs, investors, small business owners, storage, retail, office, workshop, event space, and inventory storage.
  • Convenient location in historic downtown Lott, 25 minutes from Temple and 30 minutes from Waco.

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Building Supply (Bike/Boat/Book/etc) Store Auto Parts Store Dental Office Furniture & Home Goods Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

75
Businesses Nearby
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
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Frequently Asked Questions

What type of property is this?
Flex space - Versatile commercial space in historic downtown Lott, Texas.
Where is this flex space located?
The property is located at 116 Gassaway 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: Move‑in ready commercial space with recent major improvements to plumbing and electrical systems.; Versatile space suitable for entrepreneurs, investors, small business owners, storage, retail, office, workshop, event space, and inventory storage.; Convenient location in historic downtown Lott, 25 minutes from Temple and 30 minutes from Waco.
More about this property
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