Abbott was named for Captain F. M. Abbott, who moved to the area from Pennsylvania after the Civil War.[2] Captain Abbott built a store building here in 1901.[3]
Abbott is located on Chuquatonchee Creek and was once home to a grist mill and cotton gin.[4] In addition, it also had a saddle shop, blacksmith shop, and three general stores.[2] A post office operated under the name Abbott from 1880 to 1941.[5]