311 Old Mill Rd Rhome, TX 76078
- Bars
- 15,500 SF
- 0.97 lot acres
Current Use by Public Records
- Continental Ginning System / Manufacturer
Property Details for 311 Old Mill Rd
- Lot size
- 0.97 lot acres
- Property size
- 15,500 SF
- Property type
- Bars
- Property subtype
- Pubs
Description
This unique investment opportunity presents a remarkable chance to redevelop a historic property in Rhome, Texas. The Old Mill, believed to have been built in 1883, comprises four buildings totaling approximately 15,500 square feet* on a 0.97-acre lot. The property includes the original three-story mill, two-story annexes, a concrete building, a pipe barn, a two-bedroom, two-bathroom barn-style house, a detached garage/carriage house, and two large ship-steel silos. A 2,364 square foot concrete pad, the former foundation for a storage building, is also on-site. The property is zoned Commercial and designated as "Downtown Mixed-Use" in the Rhome Comprehensive Plan. Located in the heart of Old Town Rhome, this property is ideally suited for a variety of uses, including a restaurant, brewery, brewpub, distillery, or event venue. Rhome is experiencing significant residential growth, with tens of thousands of homes planned, under construction, or recently completed within a 10-mile radius, creating a strong demand for retail and entertainment options. The Rhome Comprehensive Plan identifies $375 million in lost trade for retail, food, and drink sales within a 15-minute drive time. This property is poised to become a catalyst for the revitalization of Old Town Rhome as a destination historic entertainment district. *Square footage is estimated using public records and exterior dimensions, with assumed reductions for walls and stairwells. The original mill has a basement level not included.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rhome
- County
- Wise
- State
- Texas
- Longitude
- -97.4700651
- Latitude
- 33.0515101
