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$375,000

317 E 3rd St, Burkburnett, TX, 76354

On MarketInfo
CommercialInfo
Baths0 Bath
Baths15,100 Sq Ft
RetailRetail
Year BuiltBuilt in 1920

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringTile

Exterior

Lot Size18,748 sqft

Building Information

Year Built1920

Land Information

APN5A01 183 00
Lot Number20-24
SubdivisionOriginal Town, Bb
Land UseCommercial
Legal DescriptionLOTS 20 THRU 24 BLK 22 ORIGINAL TOWN, BB
Census Tract013504
Assessed Land Value$28,122
Assessed Improvement Value$73,054
Assessment Year2025

About this property

Rare opportunity in the heart of Burkburnett to secure a property with excellent visibility, history, and redevelopment potential. Located at 317 E 3rd Street, this property sits in a town with deep North Texas roots and a story tied to ranching, rail, and the oil boom that helped shape the region. Burkburnett became widely known during the early 1900s oil rush, earning its “Boomtown” identity and creating a legacy that still gives the community character today. This property offers a blank canvas for buyers, investors, builders, or business owners looking to bring new life to a well-positioned site. Depending on zoning, approvals, and buyer plans, the property may be a strong candidate for redevelopment, renovation, infill construction, commercial use, mixed-use concepts, office, retail, service business, or a unique owner-user opportunity. Its location near the main corridor through town creates accessibility and convenience while still offering the charm of a smaller community. Burkburnett continues to appeal to those looking for affordability, small-town atmosphere, and proximity to Wichita Falls, Sheppard Air Force Base, the Red River, and major highway access. With a proud local history, established neighborhoods, schools, parks, and everyday conveniences nearby, the area offers a strong foundation for future growth. Whether you are looking to restore, repurpose, rebuild, or hold as a long-term investment, this property presents a compelling opportunity to create something meaningful in a town known for resilience, character, and North Texas heritage. Bring your vision and explore the possibilities at 317 E 3rd Street.

Investor Tools

$0Estimated Mortgage Balance
$101,176Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$2,250 /month
Positive
Cash Flow Estimate:
$750 /month

Interested in this property?

Michael Petersen

Serhant Texas, LLC

ContactContact

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$121/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$951
$101,176
2025
$28,122
$73,054
$101,176
Yes (2024)

Tax History

Year
Tax Paid
Assessed Value
2024
$951
$101,176

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$101,176
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Burkburnett

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