311 Old Mill Rd, Rhome, TX 76078

Property Details for 311 Old Mill Rd

Lot size

0.97 lot acres

Property type

Retail space

Property subtype

Storefront properties

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.

Location Insight

City

Rhome

County

Wise

State

Texas

Longitude

-97.4700651

Latitude

33.0515101