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Hico, TX 76457
$2,800,000

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 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

Overview

Full Baths
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Half Baths
0
Bathrooms
0
Bedrooms
0
Building Area
16722
Living Area
0
Lot Size (Acres)
0.198
Property Subtype
Hotel/Motel
Property Type
Commercial Sale
Status
Active
Year Built
1896

Interior

Accessibility Features
ADA Compliant, Accessible Full Bath, Accessible Bedroom, Accessible Approach with Ramp, Accessible Doors, Accessible Entrance
Cooling
Central Air, Ceiling Fan(s), Electric, Multi Units, Zoned
Fireplaces
0
Flooring
Carpet, Concrete, Hardwood
Heating
Central, Electric, Space Heater, Zoned

Exterior & Construction

Construction
Rock, Stone, Wood Siding
Foundation
Pillar/Post/Pier, Slab
Lot Features
Corner Lot
Roof
Flat, Synthetic

Parking

Covered Parking
0
Garage Spaces
0

Location & Area

City
Hico
County
Hamilton
ZIP Code
76457
State
TX
Subdivision
Orig Hico

Financial

Price
2800000

Utilities

Sewer
Public Sewer
Utilities
Sewer Available, Water Available

Listing Details

Listing Agent
Brad Harrison
Listing Office
Clark Real Estate Group
MLS #
21276587
Virtual Tour
https://www.propertypanorama.com/instaview/ntreis/21276587

Listing agents

Listing AgentBrad HarrisonClark Real Estate Group

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