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$3,200,000

1202 W Thompson Street Land, Decatur TX, 76234

Price per sqft$4.41

Lot size16.65 Acres

Property typeLand

Overview

Active

Updated Jun 8

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.

Additional information

MLS^® ID: 21018795

Exterior Features

Lot Size: 16.65 Acres

Other Property Details

Taxes: $29,708
Tax Frequency: Annually

Listed by Kristen Holle with Keller Williams Fort Worth
Listing Contact: 817-920-7770

The IDX display contains information sourced from the North Texas Real Estate Information Systems, Inc. as of 6/8/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 6/8/2026 at 2:41 PM UTC