Thermally modified wood is primarily used in exterior applications due to its enhanced resistance to biotic degradation. However, reduced mechanical performance limits its structural use. This study investigates the structural potential of high-temperature-treated European beech timber (Fagus sylvatica, L.) and evaluates its mechanical properties and grading models for structural design. Timber from 32 beech logs was air-dried and divided into untreated (NoTMW) and thermally modified (TMW) groups. Thermal modification was carried out commercially in an oxidizing atmosphere at 190 °C. All specimens were visually graded according to DIN 4074-5 and assessed using acoustic non-destructive methods before testing in four-point bending following EN 408. Modulus of elasticity (MOE), modulus of rupture (MOR), and density were determined, and characteristic values were calculated according to EN 384. On average, TMW exhibited a 17% reduction in bending strength compared to untreated wood, while both static and dynamic MOE were not significantly affected. The multiple regression model only slightly improved bending strength prediction compared with single linear regression based on global modulus, as the R²-value increased from 17% to 19%. The prediction of stiffness of thermally treated beech timber was greatly improved by combining local and acoustic moduli, explaining 76% of the total variation.