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2,940 sqft

$47,500

204 E Gassaway Avenue, Lott TX, 76656

Price per sqft$16.16
Built in1960
Property size2,940 sqft
Property typeCommercial

Overview

Active

Updated Aug 4

Discover this opportunity in the heart of Lott, Texas! A town rich in history and poised for growth. Strategically located just 25 minutes from downtown Temple and 45 minutes from Waco, this property offers access to major markets while retaining the charm of small-town life. This property is one of Lott's landmarks, known as the- The Western Fair, a renowned Western wear store that once drew visitors from across the state. Although it has since closed, its legacy contributes to the town's unique character and community pride. This commercial property comes with the significant advantage of having no restrictions (buyer to verify with City of Lott), providing you with the freedom to develop or repurpose the space to suit a variety of business ventures. Whether you're considering retail, residential, hospitality, or a mixed-use development, the possibilities are vast. Investing in this property means becoming part of a community with deep roots and a welcoming atmosphere. Seize this rare opportunity to own a piece of Lott's heritage and contribute to its vibrant future. With its strategic location, unrestricted potential, and rich history, this commercial property is a must-have for discerning investors. Neighboring properties for sale as well and can all be purchased as package together.

Additional information

MLS® ID
229173

Interior Features

Cooling
Yes
Heating
Yes
Basement
No

Exterior Features

Lot Size
0.1 Acres

Other Property Details

Taxes
$1,238
Tax Frequency
Annually

Listed by Felicia Galvez-Mauldin with Compass RE Texas, LLC.
Listing Contact:  

The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 8/4/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 8/4/2026 at 5:20 AM UTC

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