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OnDemand Realty Commercial

commercial@ondemanddfw.com +1(214) 766-5833

$ 2,800,000

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103 S Pecan ST Hico, TX 76457

16,722 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 16,722 sqft

Price per Sqft $167

Subdivision Orig Hico

MLS Listing ID 21276587

HOA Y/N No

Year Built 1896

Annual Tax Amount $8,950

Lot Size 8,624 Sqft

Acres 0.198

Property Sub-Type Hotel/Motel

Property Description

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

Location

State TX

County Hamilton

Community Curbs, Sidewalks

Zoning F - Commercial (General)

Direction From Hico turn South onto N Pecan St for 400 ft. Property located on the NE Corner of N Pecan St and E 1st St. *Midland Hotel and Chophouse* No SOP

Interior

Heating Central, Electric, Space Heater, Zoned

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

Flooring Carpet, Concrete, Hardwood

Inclusions Furniture, Land & Improvements, Other

Fireplace No

Exterior

Parking Features Alley Access, On Street

Community Features Curbs, Sidewalks

Utilities Available Sewer Available, Water Available

Water Access Desc Public

Roof Type Flat,Synthetic

Street Surface Asphalt

Accessibility ADA Compliant, Accessible Full Bath, Accessible Bedroom, Accessible Approach with Ramp, Accessible Doors, Accessible Entrance

Road Frontage City Street

Private Pool No

Building

Lot Description Corner Lot

Story 2

Foundation Pillar/Post/Pier, Slab

Sewer Public Sewer

Water Public

Others

Tax ID R20899

Security Features Security System Owned,Carbon Monoxide Detector(s),Fire Alarm,Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash, Conventional, 1031 Exchange

Listing Terms Cash, Conventional, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21276587

OnDemand Realty Commercial

License ID: 0674395

+1(214) 766-5833

OnDemand Realty Commercial

103 S Pecan ST Hico, TX 76457

Key Details

Location

Interior

Exterior

Building

Others

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103 S Pecan ST