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118 Mill St
Lebanon, VA 24266
The Old Mill · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Restaurant
Building Size
7,405 SF
Building Class
B
Year Built
1918
Building Height
2 Stories
Building FAR
0.33
Lot Size
0.52 AC
Zoning
commercial

ABOUT 118 MILL ST , LEBANON, VA 24266

The Old Mill has been an active and successful restaurant in Lebanon, the County seat of Russell County for many years. The restaurant was well known throughout SW Virginia for its charm, good food and place for camaraderie. Located around the corner from the courthouse and in close proximity to the hospital and downtown businesses, it is a prime location for a new owner/operator. It has a large kitchen, food prep room, main dining room, private dining room with separate entrance, upstairs lounge with bar, sun porch, dumb waiter, upstairs and downstairs restrooms.Basement houses walk in freezer, electric and gas hot water heaters and ample storage. Steeped in history, The Old Mill was built in 1918 and operated as a flour-corn mill until the 1960s. In 1979, the building was purchased and re-modeled to become a restaurant in 1980. Further extensive renovations and additions were completed in 2009. It is turnkey ready for a new restaurant. With the growing popularity of microbreweries, The Old Mill should be able to accommodate a brewery as well. Lebanon is currently working on a revitalization grant to update and upgrade the downtown area that includes The Old Mill. From Abingdon, VA take 19N to the second exit in Lebanon. At bottom of ramp, turn left and turn left again on Main Street. Proceed on Main Street to Mill Street. Turn right on Mill and see building just ahead on the right.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
104R762
Land Assessment
$71,200
Improvements Assessment
$364,600
Total Assessment
$435,800
  • Listing ID: 3797633

  • Date on Market: 9/24/2016

  • Last Updated:

  • Address: 118 Mill St, Lebanon, VA 24266

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