103 S PECAN STREET, HICO, TX 76457

Homes for sale in Hico.

Homes for sale in 76457.


Active

List Price$2,800,000

103 S Pecan Street

Hico, TX 76457

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Listing #21276587

16,722

Square Feet

13

Number of Units

Commercial

Type

About This Property

Historic Charm Meets Prime Commercial Opportunity! Located on a prominent corner in the Heart of Hico, the iconic *Midland Hotel and Chophouse* is ready for its next chapter. Originally constructed in 1896 and completely restored in 2016-18, this landmark property boasts incredible visibility, historic architectural character, and immense potential for a boutique hotel, premier dining destination, or a multi-use commercial venture. The Hotel and Restaurant-Bar have been in operation since the opening in 2018 and have built a strong reputation and clientele for great food, inviting atmosphere, quality service and hospitality, featuring clean, spacious, comfortable rooms. Situated on the northeast corner of N Pecan St and E 1st St, it offers excellent foot traffic and a commanding street presence. Conveniently located between the DFW Metroplex and Texas Hill Country, Hico has been attracting weekend travelers for the past several years and the Hico Economic Development Corporation along with local investors and developers are well on the way to completely revitalizing the downtown area. Bring your vision to this legendary piece of local history and Turnkey Operation with established branding and an active revenue stream. NOW is your Golden Opportunity to invest in Hico, Texas!!! Included in Sale: *Real Estate (land and building) *All guest room furnishings, restaurant and lobby decor, furniture and fixtures *Complete commercial kitchen and bar (turnkey physical setup) Excluded from Sale: *Current tenant's business entity, personal equipment, software, operational goodwill and customer data *All proprietary recipes, menus and culinary intellectual property *Advertising and social media accounts

Property Features

Location Information

County

Hamilton

Subdivision

Orig Hico

Interior Features

Has Fireplace

No

Tenant Pays

All Utilities, Common Area Maintenance, Exterior Maintenance, Grounds Care, Pest Control, Repairs, Trash Collection

Heating

Central, Electric, Space Heater, Zoned

Total Number of Units

13

Cooling

Central Air, Ceiling Fan(s), Electric, Multi Units, Zoned

Accessibility

ADA Compliant, Accessible Full Bath, Accessible Bedr

Floors

Carpet, Concrete, Hardwood

Exterior Features

Construction

Rock, Stone, Wood Siding

Lot Size in Sq. Ft.

8,624

Foundation

Pillar/Post/Pier, Slab

Possible Best Use

Hotel/Motel, Restaurant

Roof

Flat, Synthetic

Zoning

F - Commercial (General)

Utilities

Sewer Available, Water Available

Building Total Area (Sq. Ft.)

16,722

Security System

Security System Owned, Carbon Monoxide Detector(s),

Road Description

City Street, Asphalt

Parking Description

Alley Access, On Street

Is One Story

No

Lot Description

Corner Lot

Lot Description

Corner Lot

Lot Size in Acres

0.198

Additional Information

Year Built Details

Preowned

Tax Annual Amount

8950.0

Property Type

COM

Exclusions

See details in "Property Description"

Property SubType

Hotel/Motel

Community Features

Curbs, Sidewalks

Year Built

1896

Documents Available

Aerial, Survey

Status

Active

Lot Acres Source

Assessor

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Mortgage Calculator

$13,075

per month

30 Year Fixed. 3.52% Interest Rate.

Principal + Interest

$10,089

Monthly Tax

$2,333

Monthly Insurance

$653

yrs

%

$

$

Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Schools

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