20959 Hwy 281

What's special

• Fireplace
• Single story

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.

Home facts

Overview

Price

$649,000

Price per sq ft

$108

Status

Active

Property type

Single Family Residence

Style

Detached

Stories

1

Levels

One

Days on market

7

Price last changed

Jul 29, 2026

Bedrooms & bathrooms

Bedrooms

3

Full bathrooms

2

Living area

6,000 sq ft

Interior

Features

Eat In Kitchen

Appliances

Electric Oven, Electric Range

Fireplaces

1 · Wood Burning

Heating

Central, Electric

Cooling

Central Air, Electric, Wall Units, Wall Window Units

Exterior & lot

Lot size

2.91 acres · 126,759.6 sq ft

Parking

Carport spaces

5

Parking

Attached Carport, Carport

HOA & taxes

HOA

No

Annual property tax (per MLS)

$4,870

Utilities & efficiency

Utilities

Sewer Available, Septic Available, Water Available

Water

Public

Sewer

Public Sewer, Septic Tank

Take the virtual tour

Facts are from the listing on the NTREIS MLS, shown as provided. Verify anything important to you.

Assigned schools

• ElementaryHicoHico ISDRatings on GreatSchools
• MiddleHicoHico ISDRatings on GreatSchools
• HighHicoHico ISDRatings on GreatSchools

School assignments come from the MLS and can change, so confirm them with the district. For school ratings and accountability reports, see GreatSchools.org and TXschools.gov (Texas Education Agency). Information provided for general reference; buyers should independently verify schools, districts, and community details.

Neighborhood & nearby

341 J Hollingsworth subdivision · Hico, TX 76457 · Hamilton County

No mapped parks, dining, or shopping within about a mile and a half.

Street view