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Property Details: The Mill at Lebanon     


Property Details: The Mill at Lebanon
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Property Information
The Mill at Lebanon
300 North Maple Street
Lebanon, TN
Find it with Googleâ„¢ Maps!
Price: $2,900,000
Square Feet: 100,000
Lot Description/Acreage:
14 acres
Year Built:
1907
 
Contact Information
Name: Geoff Hurdle
Agency: Hurdle Land & Realty
Phone: 615-815-9364
Email: Send an email...
Website: Visit the website...
    Historic real estate listing for sale in Lebanon, TN
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Click for a larger image! Historic real estate listing for sale in Lebanon, TN Click for a larger image! Historic real estate listing for sale in Lebanon, TN
Click for a larger image! Historic real estate listing for sale in Lebanon, TN Click for a larger image! Historic real estate listing for sale in Lebanon, TN
 
Property History
Lebanon Woolen Mills is located at 218 North Maple Street, two blocks north of West Main Street (US Highway 70), in Lebanon, Wilson County, Tennessee. The Mill's owners chose this site in 1908 to take advantage of the recent construction of the Tennessee and Chattanooga Railroad through downtown Lebanon. The main mill section of the today's sprawling brick and frame structure was built in 1909, with substantial additions made through 1972. The approximate size of the mill today is over 215,000 square feet spread mostly on the ground level but including about 70,000 square feet on the second and third levels. From the outset, the main purpose of the mill was blanket production, using local wool until 1953, when the mill changed to acrylic fibers. After a period of instability in the 1970s and 1980s, the mill lost local control when it was sold to Pillowtex Corporation in 1993. Due to financial difficulties brought about by a changing global economy and the transfer of cloth production to mills in Mexico and Asia, the mill closed in 1998. The building's current owner purchased the property in 2005 and is adapting the complex into a mixed-use retail/restaurant/entertainment/residential/office project called "The Mill at Lebanon," while preserving as much of the historic fabric as possible.

 
Property Description
The Mill at Lebanon is a 100-year-old manufacturing complex consisting of approximately 200,000 square feet of buildings on 14 acres in downtown Lebanon, TN. Originally a blanket manufacturing facility which ceased operations in 1998, the former Lebanon Woolen is being redeveloped into a mixed-use complex as a means of preserving the architecture as an asset of the community. It currently has a SP zoning from the City of Lebanon and has New Market and Federal Tax Credits that transfer with the ownership.

 
Additional Notes
The "Phase II" portion are the buildings where the tax credits are most potent (I.e. these buildings more qualifying capital investment than other buildings on the property.) There is also the potential for the purchase of the property across the creek and the three parcels across Maple Street, all of which is currently owned by the Seller.

Last Updated: March 24, 2020
All information deemed reliable but not guaranteed and should be independently verified.


 
 

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