Property profile

208 3rd St Burkburnett, TX 76354

OFF-MARKET
Turn key restaurants
Property ID
US82-6604701
910 SF 0.04 ac lot Built 1930
Individually Owned 20-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

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.

Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Construction CONCRETE BLOCKS
Total area 910 SF
Lot 0.04 ac (1,873 SF)
Zoning code C/B
APN 5A01 217 01
UPID US82-6604701

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

208 3rd St Burkburnett, TX 76354-3435
Burkburnett metro Census 13504 WICHITA FALLS, TX METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$165k

Owner & transaction history

since 2006
1 recorded transaction
2006
Price N/A

Zoning & alternative use

C/B · Burkburnett, TX
Zoning description

SECTION 20 C/B -- COMMERCIAL / BUSINESS DISTRICT 20.1 GENERAL PURPOSE AND DESCRIPTION: The C/B, Commercial/Business, district is established to provide areas for a mixture of nonresidential land uses including office, re…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 208 3rd St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message