About This Home

This 3-bedroom, 2-bathroom single family at 20959 Hwy 281 in Hico, TX is listed for $649,000 ($108 per sqft). the home offers 6,000 sqft of living space on a 2.93 acres lot.

Key Features

  • 2.93 acre lot
  • Fireplace

Property Details

1 story
2 full

Amenities

FireplaceA/C
Listing Description

Exceptional mixed-use investment opportunity with outstanding Highway 281 frontage in Hico! This versatile property offers both residential rental income and a large commercial shop space with unlimited potential. The 3,750+- square-foot metal shop building was formerly used as a dog and animal boarding facility and features extensive covered outdo

or kennel areas, multiple separate rooms, and a flexible layout that can be adapted to fit a wide variety of business needs. Whether you envision a workshop, contractor headquarters, warehouse, retail space, office space, storage facility, manufacturing, or another commercial venture, the possibilities are endless.

The shop is currently vacant, allowing the new owner to customize it to suit their needs. Adjacent to the shop is an approximately 2,300-square-foot, 3-bedroom, 2-bath home with a beautifully maintained yard. The residence is currently leased through September 2027, generating $1,800 per month in rental income and providing immediate cash flow.

Located directly on Highway 281, this property offers excellent visibility, easy access, and incredible flexibility for both residential and commercial use. Whether you're looking to expand your business, generate rental income, or invest in a property with endless possibilities, this is a rare opportunity you won't want to miss.

Monthly Cost Estimate

$3,471/mo

20% down · 6.5% · 30 years

Principal$469
Interest$2,812
Insurance$189

Estimates only. Actual payments may vary.

Location

20959 Hwy 281

Hico, TX 76457

341 J Hollingsworth

Features & Amenities

Interior Features

EatInKitchen

Property Details

Parking

Carport

Heating

Electric (Heating)Central

Cooling

Window Unit(s)Wall Unit(s)Central AirElectric

Appliances

ElectricOvenElectricRange

Questions & Answers

This 3-bedroom, 2-bathroom single family at 20959 Hwy 281 is listed at $649,000 ($108/sqft). The estimated monthly payment is $3,471 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: 2.93 acre lot, Fireplace. Interior Features: EatInKitchen.

This property is listed by Christi Black.

CB

Christi Black

Agent at BLACK REAL ESTATE

Listed by BLACK REAL ESTATE · Broker phone: (254) 796-4178 · View on Broker Site

MLS# 21345060· Source: North Texas Real Estate Information Systems, Inc.· 3 days on PropertySimple

Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

20959 Hwy 281, Hico, TX 76457

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