208 3Rd StBurkburnett, TX 76354

Property Details for 208 3Rd St

Year built

1930

Construction

CONCRETE BLOCKS

Lot size

0.04 AC

Property size (Sq ft)

910 SF

Zone code

C/B

Property type

Turn key restaurants

APN

5A01 217 01

APU

5A0121701

Description

This exceptional commercial property, located at 208 E 3rd Street in Burkburnett, Texas, presents a unique opportunity for entrepreneurs and investors. The 910 square foot building sits on a 0.04-acre lot and is priced affordably at $49,999. Previously occupied by a burrito shop, the interior has undergone partial demolition, providing a blank canvas for your next business venture. The property's central location within Burkburnett offers excellent visibility and accessibility, making it ideal for a wide range of commercial uses. The existing structure provides a solid foundation for a complete renovation or rebuild, allowing for customization to perfectly suit your specific needs. This is a rare chance to acquire a well-situated commercial space at an attractive price point in a growing Texas community. The property's size and location make it suitable for a variety of businesses, from retail shops and restaurants to offices and service providers. Don't miss this opportunity to establish your business in a thriving area with high potential for growth and return on investment. The partially completed demolition simplifies the process of creating your ideal commercial space. Act quickly to secure this promising property.

• CAP approach

  CAP return

  Valuation

  6%

  $238,497

  6.5%

  $220,151

  7%

  $204,426

• Comparable approach

  Method

  Valuation

  Relative Method

  $275,918

  Geo Method

  $275,918

• Alternative Use

  Use

  Valuation

  Residential

  $185,706

  Hospitality

  $170,106

  Educational

  $141,526

  Medical

  $146,393

  Retail

  $220,151

Location Insight

City

Burkburnett

County

Wichita

State

Texas

Latitude

34.0969

Longitude

-98.5726

CBSA code

48660

CBSA name

WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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