311 Old Mill Rd - Restaurant FOR SALE


Rhome, TX 76078
$1,700,000 USD
817-921-8174
311 Old Mill Rd, Rhome, TX for Sale
$1,700,000 USD
Restaurant - FOR SALE
1/19
null | Request Cap Rate

311 Old Mill Rd
Rhome, TX 76078


OVERVIEW

Iconic property ideal for restaurant, brewery, brewpub, distillery, or event venue; endless possibilities. Believed to have been built in 1883, the historic original three-story mill stands as one of the oldest roller mills constructed in Texas. The site contains multiple structures boasting approximately 15,500 SF* situated on a spacious 0.97-acre lot. Designated as “Downtown Mixed-Use” according to the Rhome Comprehensive Plan. “Lady Liberty,” the 16-foot statue atop the Texas Capitol, has been brought down only once. In 1985, she was removed by helicopter and restored by a foundry that operated here at the old mill property. The original mill structure is supplemented by two-story annexes on each side, a concrete building and attached pipe barn, a 2 bed/2 bath barn-styled house recently renovated, a detached garage/carriage house, and two large ship-steel silos. Also onsite is a 2,364 SF concrete pad, formerly the foundation for a storage building. In 2025, the house was renovated and branded “The Grainhouse Tavern” because it was the grain house when the mill was in operation and it looks like an old tavern that you might find in the woods of yesteryear. It is made up of two residential suites, easily shared as one. The “Ranch House Suite” has a living room, a spacious bedroom, and a large office space. The “Farm House Suite” has a living room with nine-foot ceilings, kitchen and a bedroom. Sale includes most of the furniture located in the house. In the path of growth, Rhome has tens of thousands of homes planned, under construction, or recently completed within a 10-mile radius. The historic city core, Old Town Rhome is ripe to become a destination historic entertainment district, with the Old Mill being the catalyst. The in-place Rhome Comprehensive Plan identified $375 million in lost trade for retail, food and drink sales within a 15-minute drive time. Residential construction and population growth in the immediate vicinity will continue to grow the appetite for retail and entertainment in Old Town Rhome. As featured by “Jonny Goodday” on Facebook and YouTube: https://www.facebook.com/jonnygooddayproductions/videos/rise-of-the-silent-mill-rhomes-forgotten-gold-medal-legacy/1496268808027494/ https://www.youtube.com/watch?v=x5mY3nw7xU0 Video taken July 2022: https://www.youtube.com/watch?v=l8ZohBmYfaM *SF estimated using public records and exterior dimensions, making assumed reductions for walls and stairwells. Original mill has a basement level not included.

FOR SALE DETAILS

PRICE

$1,700,000 USD

PRICE/SF

$110 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

undefined, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1883

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,253 SF

ZONING

Commercial

APN/PARCEL ID

S2595006200

ASK ABOUT THIS PROPERTY

Shane BennerBradford CompaniesMore Info
817-921-8174

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Shane BennerBradford CompaniesMore Info
817-921-8174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.