128 N Pecan - Restaurant FOR SALE


Hico, TX 76457
$960,000 USD
254-688-0087
128 N Pecan, Hico, TX for Sale
$960,000 USD
Restaurant - FOR SALE
1/39
null | Request Cap Rate

128 N Pecan
Hico, TX 76457


HIGHLIGHTS

  • A rare opportunity to acquire one of downtown Hico's most recognizable landmarks.

OVERVIEW

Own more than a business—own a piece of Hico. Jersey Lilly's Mexican Restaurant, one of Hico's most beloved dining destinations, is now being offered for sale complete with the turnkey business, iconic building, furniture, fixtures, equipment, inventory, and supplies needed to continue operations from day one. Located at the highly visible corner of North Pecan Street and Highway 6 in the heart of historic downtown Hico, this landmark property occupies one of the most recognizable commercial locations in town. The approximately 7,600 square foot two-story building sports a new roof replaced at the end of 2025 and is complemented by more than 1,700 square feet of second-story outdoor deck dining and entertainment space overlooking downtown. The main level features two spacious dining areas, including a full service bar, while guests are welcomed by a stunning custom welded chandelier created by renowned Hico artisan Bobby Kerr. Upstairs, an expansive event and entertainment venue includes a second full-service bar, pool table area, and dedicated restroom facilities, making it ideal for private parties, special events, live entertainment, or additional dining capacity. The covered and open-air deck areas also feature a grill and full service bar setup designed to accommodate large gatherings and outdoor entertaining. The property's flexible layout creates multiple opportunities for revenue generation while the established restaurant benefits from strong local support and a loyal customer base. Whether you choose to continue the successful operation, expand the concept, or add new entertainment offerings, the infrastructure is already in place. As Hico continues to grow as one of Central Texas' most popular destinations for dining, shopping, tourism, and weekend getaways, Jersey Lilly's stands at the center of the action. More than just a restaurant, this is a chance to own a true piece of Hico history while stepping into a business positioned for continued success.

FOR SALE DETAILS

PRICE

$960,000 USD

PRICE/SF

$126 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2001

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C

APN/PARCEL ID

R20284

ASK ABOUT THIS PROPERTY

Ashley HaileAshley & Bradley Haile Real Estate Team - KW BWMore Info
254-688-0087

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Ashley HaileAshley & Bradley Haile Real Estate Team - KW BWMore Info
254-688-0087

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.