Joe Reed

128 N Pecan Street

Hico, TX
$ 960,000 Beds 0 Baths 0 Sq 7,628 Virtual Tour
Monthly Estimate* How much can I afford?

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. 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.

Active

  • Price
  • $ 960,000
  • City
  • Hico
  • Bedrooms
  • 0
  • Full Bathrooms
  • 0
  • County
  • HAMILTON
  • Half Bathrooms
  • 1
  • Area
  • Lot Size
  • 0.106 Acres
  • Zip
  • 76457
  • Sqr Footage
  • 7,628
  • Year Built
  • 1900
  • Taxes
  • $ 2991
  • Style
  • Single Family Residence
  • MLS#
  • 21296478
Listed By: Keller Williams Brazos West
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Heating Central,Electric
Cooling Central Air,Electric
Utilities City Sewer,City Water,Electricity Connected
Possession Closing/Funding
Appliances Commercial Grade Range,Commercial Grade Vent,Ice Maker
School District Hico ISD
Year Built 1900
Levels Two
Unexempt Taxes 2991
Will Subdivide Subdivided
Property Subtype Single Family Residence
Subdivision Name Orig Hico
Accessibility Features Accessible Approach with Ramp,Accessible Bath - Half+Hall
Transaction Type For Sale
County Hamilton
Property Type Residential
HOA Type None
Status Active
Directions From the light at Hwy 281 and Hwy 6 in Hico,go east on Hwy 6 (2nd St),property is on the right on the SW corner of N Pecan and Hwy 6.
City Hico
Elementary School Name Hico
High School Hico
Elementary School Hico
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21296478
Standard Status Active
Junior High School Hico

Interior Features

Interior Features Open Floorplan,Other
Living Areas 1
Room Count 1
Half Baths 1
Lock Box Type Other
Total Baths 1

Exterior Features

Parking Features On Street
Lot Size Less Than .5 Acre (not Zero)
Lot Size Area 0.1060
Lot Size Units Acres
Structural Style Attached or 1/2 Duplex
Lot Size Square Feet 4617.3600
Lot Size Acres 0.1060

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Waco, TX office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Hico Elementary School
Middle School Unknown Middle School
High School

Price History

6/9/2026 Listed $960,000

Property vs Zip Code Average in 76457

Price
AVG $720K
$960K
Taxes
AVG $4,376
$2,991
Year Built
AVG 2001
1900
Visits
AVG 33
29
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

128 N Pecan Street Hico, TX is a Single Family Home for sale at $960000 with 7628 sqft and a lot size of 0.106 Acres Acre(s). 128 N Pecan Street Hico has 0 bedrooms, 0 baths and was built in 1900. The property's zip code is 76457 which is in Hico, TX

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Joe Reed

Joe Reed

REALTOR®

254-644-3686

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