331 Old Mill Rd Rhome, TX 76078

Property Details for 331 Old Mill Rd

Construction

FRAME

Lot size

0.24 lot acres

Property size

1,394 SF

Property type

Commercial real estate

APN

S2595.0062.01

APU

S2595006201

Description

This unique 4,139 square foot industrial property, situated on a 10,585 square foot lot in Rhome, Texas (76078), presents a compelling redevelopment opportunity. Currently vacant, this flex-space building, zoned for commercial use, offers significant potential for a variety of businesses. The property's history as Texas's first gristmill, dating back to the 1800s, adds character and charm. Previously configured as a contemporary residence and light industrial space, the building boasts two main-level bathrooms and a front reception area, ideal for a mercantile or similar venture. Imagine a coffee shop with live music on one side, and flexible event or office space upstairs. The expansive lot allows for potential expansion, additional parking, or even an outdoor stage. Located approximately two miles from the Rolling V Ranch, a large master-planned community, and conveniently situated near major highways (114 and Hwy 287), this property benefits from its proximity to significant growth and development. The property is only 29 miles from DFW International Airport and 26 miles from downtown Fort Worth, offering easy access to a large workforce and consumer base. The asking price is $745,000 ($180 per square foot). The seller is open to leasing options under the right terms. This is a value-add investment in a rapidly expanding area. The corporation-owned property is for sale by owner.

Location Insight

City

Rhome

County

Wise

State

Texas

Longitude

-97.47

Latitude

33.0511

CBSA code

19100

CBSA name

DALLAS-FORT WORTH-ARLINGTON, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments