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    265 Fm 56 Morgan, TX 76671

    For Sale
    $1,950,000

    Business - Morgan, TX

    Type:Business
    Lot size:
    8.18 Acres
    Days on Market:
    12
    Last Refresh:
    Dec 6 at 8:06 am

    Property Features for 265 Fm 56

    General Information

    Property type
    Commercial Sale
    Property subtype
    Business
    Standard status
    Active
    APN
    R17436
    Lot size
    8.18 Acres

    Utilities

    Heating system
    Central, Electric (Heating), Propane (Heating)
    Cooling system
    Central Air, Electric

    Building Details

    Year built
    2000
    Flooring type
    Tile, Tile - Ceramic
    Building materials
    Cedar, Metal Siding, Stone
    Roof type
    Metal
    Architectural style
    Other

    Cowtown Real Estate (817) 645-3381

    Listing agent Rebecca Durham (817) 645-3350 License #0347462

    Listing date Nov 25, 2025

    MLS# 20960646 Listing URL

    Copyright © 2025 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Rehab Facility Near Lake Whitney

    This property offers significant potential, featuring 11 buildings situated on 8 acres. Located at the main corners of Lakeside Village at Lake Whitney, the property is divided, with two buildings on 1.14 acres on the west side of FM 56 and nine buildings on 7 acres on the east side. Previously operated as a 24-hour rehabilitation facility, it accommodated over 30 patients. The layout includes multiple cabin-style bedrooms, each with bathrooms, along with offices and open meeting rooms. Additional amenities include a separate gym building, an insulated shop, and seven RV hookups. The property is located less than half a mile from the boat ramp. The property will divide.
    Location Intelligence

    Current Use by Public Records

    Rehabilitation centers

    Suggested Use

    Realty agency Restaurant Accounting Firm Department Store Wine and Liquor Store Italian Restaurant Arcade & Gaming Center Toy Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morgan
    County
    Bosque
    State
    Texas
    Longitude
    -97.493451
    Latitude
    32.015051

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    FAQs

    What type of property is this?
    Rehabilitation center - Eleven buildings on eight acres near Lake Whitney.
    Where is this rehabilitation center located?
    The property is located at 265 Fm 56 Morgan, TX.
    What is the asking price?
    The asking price for this property is $1,950,000.
    What are key features of this property?
    This property features: - 11 Buildings on 8 Acres in Lakeside Village at Lake Whitney.; - Includes a **Pool and Volleyball Court**.; - Less than Half a Mile to the Boat Ramp.
    (817) 645-3350
    Request Owner's contact information
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    Morgan, TX 76671
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    265 Fm 56 Morgan, TX 76671
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