103 S PECAN STREET, HICO, TX 76457
Homes for sale in Hico.
Homes for sale in 76457.
List Price$2,800,000
103 S Pecan Street
Hico, TX 76457
Listing #21276587
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
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$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.
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