1202 W Thompson Street #Land, Decatur, TX 76234
Local realty services provided by:Better Homes and Gardens Real Estate Winans
1202 W Thompson Street #Land,Decatur, TX 76234
$3,200,000
- 16.65 Acres
- Lots / Land
- Active
Listed by:kristen holle817-920-7770
Office:keller williams fort worth
MLS#:21018795
Source:GDAR
Price summary
- Price:$3,200,000
About this home
Prime Multifamily Development Opportunity at the Northeast Corner of W. Thompson Street & S. Deer Park Road in Decatur, TX. This ±16.65-acre tract is strategically located in the heart of Decatur, TX, offering an exceptional opportunity for multifamily or mixed-use development. Positioned directly across from McCarroll Middle School and adjacent to the stabilized Crestview Place Apartments, the site benefits from strong surrounding demand drivers and excellent connectivity. Multifamily market fundamentals in the area are robust, with nearby properties such as Trophy Ridge (delivered in 2021) operating at 100% occupancy and maintaining waitlists — underscoring the acute demand for additional housing in the Decatur market.
Property Highlights include - Zoning: Ideal for multifamily or mixed-use development (buyer to verify)
Location: NE corner of W. Thompson St. & S. Deer Park Rd.
Access: Excellent ingress-egress from both W. Thompson St. and S. Deer Park Rd.
Surrounding Uses: Directly across from McCarroll Middle School, adjacent to Crestview Place Apts, near Trophy Ridge Apts (100% leased), and proximate to single-family subdivisions
Nearby Commercial: Retail, dining, and service amenities located along SH 287
Major Employer Proximity: Minutes from Wise Regional Health System, one of the area’s largest employers
Development Ready: Site plan and proposed development layout included with sale
This site presents a rare opportunity to capitalize on strong rental demand in a high-growth corridor with proven absorption and stabilized assets nearby.
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Home facts
- Listing Id #:21018795
- Added:18 day(s) ago
- Updated:August 09, 2025 at 11:48 AM
Structure and exterior
- Lot area:16.65 Acres
Schools
- High school:Decatur
- Middle school:Mccarroll
- Elementary school:Carson
Finances and disclosures
- Price:$3,200,000
- Tax amount:$29,708
Information provided, in part, by North Texas Real Estate Information Systems, Inc. Last Updated August 9, 2025 Listings with the NTREIS logo are listed by brokerages other than Better Homes and Gardens Real Estate Winans.New listings near 1202 W Thompson Street #Land
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