The building of the Old Olive Mill consists of a central building core, built with stone masonry in the 1920s, with additional wings built in successive phases during the 1970s. In 1980 it stopped functioning as an Olive Mill and was left to quickly deteriorate. During its reconstruction, the goal was to preserve the primary materials of the building along with the original technological equipment with the least possible interference. The machinery of the mill was made in Greece around the early 1960s and was preserved as a point of reference, a memory of the initial operations of the space.

Today the Olivepress - Art Factory is a multi-cultural organization. It consists of the Fine Arts Gallery, a venue for periodic art exhibitions and educational programs, and the Contemporary Art Museum, dedicated to the preservation and presentation of the permanent collection of the Olivepress and the promotion, along with the study, of the interactive relations between Contemporary Art and the Human Aspect.

The Old Olive Mill which was revived as the Olivepress - Art Factory, is situated at the village Dromonero, 33 km south-west of Hania (30 minutes by car), on the main road leading to the traditional fishing village of the Libyan Sea with its two beaches - Paleochora.