331 Old Mill Rd Rhome, TX 76078

1,394 SF 0.24 ac lot

Entity Owned 9-yr Hold Absentee Owner

Property ID

US82-2438070

$545,000 1,394 SF

331 Old Mill Rd, Rhome, TX 76078
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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.