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311 Old Mill Rd 15,500 SF Retail Building Rhome, TX 76078 $1,700,000 ($109.68/SF)

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EXECUTIVE SUMMARY

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.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
15,500 SF
Building Class
C
Year Built/Renovated
1883/2025
Price
$1,700,000
Price Per SF
$109.68
Tenancy
Single
Building Height
3 Stories
Building FAR
0.37
Lot Size
0.97 AC
Zoning
Commercial - Business, professional service establishments, office spaces, entertainment facilities, and retail stores that serve the regional area.
Frontage
179’ on Old Mill Rd.
  • Listing ID: 39000885

  • Date on Market: 1/7/2026

  • Last Updated:

  • Address: 311 Old Mill Rd, Rhome, TX 76078

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