112 Gassaway Avenue, Lott, TX 76656
112 Gassaway Avenue, Lott, TX 76656
112 Gassaway Avenue, Lott, TX 76656
112 Gassaway Avenue, Lott, TX 76656
112 Gassaway Avenue, Lott, TX 76656
112 Gassaway Avenue, Lott, TX 76656
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$ 178,500
Est. payment | /mo

3,920 Sqft Lot


$ 178,500
Est. payment | /mo

3,920 Sqft Lot

Key Details

Property Type Commercial

Sub Type Business

Listing Status Active

Purchase Type For Sale

Subdivision Townsite Of Lott

MLS Listing ID 21268322

Total Fin. Sqft 2400

Annual Tax Amount $910

Lot Size 3,920 Sqft

Acres 0.09

Property Sub-Type Business

Property Description

Previously operated as a restaurant, this property is ready for its next visionary owner to bring their business dreams to life. With a full-price offer, furniture and commercial kitchen equipment are included, creating an exceptional value for investors, restaurateurs, or entrepreneurs looking to launch or expand without the massive startup costs typically associated with opening a restaurant. Incredible opportunity in the heart of historic downtown Lott along visible State Highway 320, only 25 minutes from downtown Temple and 30 minutes from Waco.

The property features updated HVAC, modern lighting fixtures, updated bathroom, rear alley access, and a spacious dining area with wooden dining tables, chairs and bar stools, stage and speaker setup ideal for live music, events, entertainment, or community gatherings. The office overlooks both the stage and main dining area through an interior viewing window, offering excellent operational visibility.

Commercial kitchen features include a newer ventilation hood system, fryer, grill, flat top cook station, prep station, cooler, commercial stainless steel side-by-side refrigerator, additional refrigerator, three-compartment wash sink, handwashing sink, microwave, prep carts, shelving, and more. Whether you envision a restaurant, café, event venue, music venue, or unique destination business, this property provides the foundation to step in and start building your future. Opportunities like this rarely come available at this price point with this level of included infrastructure and equipment already in place.

Location

State TX

County Falls

Zoning Buyer to verify with city of Lott

Direction From I-35 in Temple, take Exit 299 and merge onto TX-53 E toward Lott. Continue for approximately 18 miles. Upon entering Lott, turn left onto Gassaway HWY 320, property located just past A B Davis on the left in front of City Hall.

Interior

Heating Central, Electric

Cooling Ceiling Fan(s), Central Air, Electric

Flooring Concrete

Heat Source Central, Electric

Exterior

Utilities Available City Sewer, City Water, Electricity Available, Natural Gas Available

Roof Type Metal

Accessibility Accessible Bath - Half+Hall

Garage No

Building

Foundation Slab

Structure Type Brick

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Aerial Photo

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21268322

North Texas Real Estate Info Systems (NTREIS) -MetroTex and Collin County (CCAR)
Listed by Felicia Galvez-Mauldin • Compass RE Texas, LLC.
Nearby Locations
Norluxe Realty

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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112 Gassaway Avenue