Jonathan Olvera

20959 Hwy 281

Hico, TX
$ 649,000 Beds 3 Baths 2 Sq 6,000 Virtual Tour
Monthly Estimate* How much can I afford?

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 outdoor 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.

Active

  • Price
  • $ 649,000
  • City
  • Hico
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • HAMILTON
  • Half Bathrooms
  • 0
  • Area
  • Lot Size
  • 2.91 Acres
  • Zip
  • 76457
  • Sqr Footage
  • 6,000
  • Taxes
  • $ 4870
  • Style
  • Single Family Residence
  • MLS#
  • 21345060
Listed By: BLACK REAL ESTATE, LLC
Data Source: North Texas Real Estate Info Systems (NTREIS)

Features

General

Heating Central,Electric
Cooling Central Air,Electric,Wall Unit(s),Wall/Window Unit(s)
Utilities City Sewer,City Water,Septic
Possession Closing/Funding
Appliances Electric Oven,Electric Range
School District Hico ISD
Year Built 9999
Levels One
Unexempt Taxes 4870
Will Subdivide No
Property Subtype Single Family Residence
Subdivision Name 341 J Hollingsworth
Accessibility Features Accessible Bath - Full
Transaction Type For Sale
Carport Spaces 5
County Hamilton
Property Type Residential
HOA Type None
Full Baths 2
Status Active
Directions 20959 N HWY 281 Hico,TX 76457
City Hico
Elementary School Name Hico
High School Hico
Elementary School Hico
Virtual Tour URL Unbranded https://www.propertypanorama.com/instaview/ntreis/21345060
Standard Status Active
Junior High School Hico

Interior Features

Interior Features Eat-in Kitchen
Fireplace Features Wood Burning
Fireplaces Total 1
Dining Areas 1
Living Areas 1
Room Count 3
Lock Box Type Other
Total Bedrooms 3
Total Baths 2

Exterior Features

Parking Features Attached Carport,Carport
Lot Size 1 to < 3 Acres
Covered Spaces 5
Lot Size Area 2.9100
Lot Size Units Acres
Structural Style Single Detached
Lot Size Square Feet 126759.6000
Lot Size Acres 2.9100

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

7/29/2026 Listed $649,000

Property vs Zip Code Average in 76457

Price
AVG $720K
$650K
Taxes
AVG $4,376
$4,870
Visits
AVG 33
4
Data Provided by Inside Real Estate®

Areas That We Cover

20959 Hwy 281 Hico, TX is a Single Family Home for sale at $649000 with 6000 sqft and a lot size of 2.91 Acres Acre(s). 20959 Hwy 281 Hico has 3 bedrooms, 2 baths . 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.

Jonathan Olvera

Jonathan Olvera

254-723-5663

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