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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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103 S Pecan St , Hico, TX 76457
$2,800,000
Est. Payment: $14,415.62/mo
0 Bed
0 Bath
16722 Sqft
Status: active | Days on site: 48
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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

Highlights

Listed by Brad Harrison , Clark Real Estate Group , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
0.2

Year Built

1896

County

Hamilton

Neighborhood

Orig Hico

Listing ID

21276587

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Ceiling Fan(s),Central Air,Electric,Multi Units,Zoned
Fireplaces:
Floor:Carpet,Concrete,Hardwood

Exterior Features

Lot:Corner Lot,Less Than .5 Acre (not Zero)
Zoning:F - Commercial (General)
Roof:Flat,Synthetic
Others:
  • Additional:Preowned
Parking Features:Alley Access,On Street
Principal Interest
$14,416
Taxes
$746

Home Price

$2,800,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$560,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$14,415.62

Principal

Taxes

Principal Taxes HOA Total
Monthly $14,415.62 $745.83 $0.00 $15,161.45
Yearly $172,987.39 $8,950.00 $0.00 $181,937.39
Total $5,189,621.76 $268,500.00 $0.00 $5,458,121.76

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Hico, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T19:21:47.893Z

© 2026 North Texas Real Estate Information Systems