# 204 E Gassaway Avenue, Lott, TX 76656

> **TL;DR:** commercial, $50,000, built 1960. Est. $217/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $50,000 |
| Year Built | 1960 |
| Lot Size | 4,182 sqft (0.10 acres) |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $217 |
| **Total** | **$217** |

## Property Highlights

- Built in 1960
- 0.10 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 204 E Gassaway Avenue, Lott, TX 76656
- **County:** Falls
- **Coordinates:** 31.205758, -97.035013
- **Google Maps:** https://www.google.com/maps?q=31.205758,-97.035013

## Listing Agent

- **Name:** Felicia Galvez-Mauldin
- **Brokerage:** Compass RE Texas, LLC.
- **Phone:** 2547022957
- **Email:** feliciagalvez@yahoo.com

## Primary Photo

![204 E Gassaway Avenue - Primary Photo](http://lh.rdcpix.com/af63d2e52d04fd1e3c5f435799a83702l-f3622321374r.jpg)

*6 total photos available on [listing page](https://www.propertysimple.com/listing/204-e-gassaway-avenue-lott-tx-76656-s229173)*

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**MLS#:** 229173 | **Updated:** 2026-06-18
**Source:** listhub

*Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.com/listing/204-e-gassaway-avenue-lott-tx-76656-s229173)

---

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