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Active

$2,800,000

  • 0.2 acre lot

103 S Pecan Street

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Listing data updated

About this home

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…

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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

Lot size
0.2 acres
Year built
1896
Property type
HotelMotel
Status
Active
MLS number
21276587

Listing courtesy of Clark Real Estate Group

Office phone (817) 458-0402

Estimated monthly cost

Estimated payment based on the assumptions shown. It is not a quote, an approval or a rate offer.

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Location

Facts and features

Lot

Lot size
0.2 acres

Building

Year built
1896
Property type
HotelMotel

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Listing courtesy of Clark Real Estate Group. Information provided by NTREIS

Information is deemed reliable but not guaranteed.

Listing data updated