Key historic building highly prioritized for reuse and redevelopment in Mount Vernon, Texas due to the property size, notable architecture and proximity to the downtown plaza square. Investors who renovate the factory building have the ability to capitalize on state and federal historic tax credits, which could provide up to a 40 percent return on renovation costs. With the right vision, the redevelopment could help create a catalyst project which would support ongoing downtown revitalization efforts and economic development strategy. Ideas for redevelopment could include use as lodging, retail, marketplace, restaurant, event space, office space, art gallery, museum, studio, school, brewery, winery, or mixed-use development combining multiple business models. The property is zoned Light Industrial for the buildings and Residential for the acreage behind, however, rezoning for a mixed-use development is possible, given this is a priority property for downtown redevelopment.