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Property Description
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.
Full Property Details
Full Property Details for 128 N Pecan St
General
- Price: $960,000
- Taxes: $2,991
- Status: Active
- Type: Commercial Service
- Source: NTREIS
- MLS ID: 21296215
- Updated: 9/26/2026
- Added to Site: 112 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge, Other, Restaurant
Interior
- Flooring: Combination
Parking
- Parking Features: Paved, On Street
Location
- County: Hamilton
- Subdivision: Orig Hico
- Driving 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.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Roof: Flat
- Stories/Levels: 2
- Square Feet: 7,628
- Sq. Ft. Source: Assessor
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.106
- Lot Size (Sq. Ft.): 4,617.36
- Lot Size Source: Assessor
- Potential Use: Other, Retail
- Zoning: Commercial
Financial Considerations
- Tax Amount: $2,991
- Tenant Pays: None
Disclosures and Reports
- Legal Description: S1/2 OF 7 BLK 09 (1) ORIG HICO; 25X115
- Inclusions: Business, Furniture, Inventory, Land & Improvements
- Property ID: R000020284
- Block: 9
- Lot Number: 7
Listed by Keller Williams Brazos West, Ashley Haile
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Schools
Schools serving 128 N Pecan St
School District:Hico Independent School District
| Name | Grades | Distance |
|---|---|---|
Hico Elementary School 9th and Cherry St, Hico, TX 76457 | PK-5 | 0.8 mi |
Hico High School 901 Cedar Street, Hico, TX 76457 | 6-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 128 N Pecan St
Date
Details
Price
Change
Source
6/09/2026
Listed
$960,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 128 N Pecan St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$8,522
-18%
$546,160
16%
2022
$10,438
—
$469,770
37%
2022
$10,438
—
$344,050
-34%
2022
$10,438
25%
$524,510
43%
2021
$8,324
-9%
$367,980
7%
2019
$9,115
21%
$344,310
25%
2018
$7,549
—
$274,620
—
2017
$7,576
1%
$274,620
—
2016
$7,474
1%
$274,620
—
2015
$7,419
2%
$274,620
—
2013
$7,250
—
$274,620
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 128 N Pecan St
128 N Pecan Street, Hico, TX 76457 (MLS# 21296215) is a Commercial Service property. 128 N Pecan Street is currently listed for $960,000 and was received on June 09, 2026. Want to learn more about 128 N Pecan Street? Do you have questions about finding other Commercial Service real estate for sale in Hico? You can browse all Hico real estate or contact a Coldwell Banker agent to request more information.

