For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Decatur Multifamily Development Opportunity Title is generated by Realmo AI

    1202 W Thompson Street, Decatur, TX 76234

    View on Map
    Claim this Listing
    For Sale
    $3,200,000

    16.65-acre tract ideal for multifamily or mixed-use development.

    Type:Commercial Lots & Land
    Lot size:
    16.65 Acres
    Added:
    Apr 22, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 22 at 5:37 pm

    Property Features for 1202 W Thompson Street

    General Information

    Standard status
    Active
    Lot size
    16.65 Acres
    Property subtype
    Commercial Lots & Land

    Building Details

    Year Built
    9999

    We can help!

    Listing Contact
    Kristen Holle

    Listing agent Kristen Holle

    Listing office Keller Williams Fort Worth

    Listing date Apr 22, 2026

    Source Signaturere

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Fort Worth

    HighLights

    • Prime location in Decatur, TX, ideal for multifamily development.
    • High demand area with nearby apartments at 100% occupancy and waitlists.
    • Excellent access from W. Thompson St. and S. Deer Park Rd.
    • Located across from McCarroll Middle School and adjacent to Crestview Place Apartments.
    • Proximity to Wise Regional Health System, a major employer.
    • Site plan and proposed development layout included.

    Overview

    This \u00b116.65-acre tract is located at the northeast corner of W. Thompson Street and S. Deer Park Road in Decatur, TX. The site is strategically positioned for multifamily or mixed-use development. It is located directly across from McCarroll Middle School and adjacent to the Crestview Place Apartments. The location benefits from surrounding demand drivers and connectivity. Multifamily market fundamentals in the area are robust, with nearby properties such as Trophy Ridge operating at 100% occupancy and maintaining waitlists. The property has ingress and egress from both W. Thompson St. and S. Deer Park Rd. The site is near retail, dining, and service amenities located along SH 287 and minutes from Wise Regional Health System. A site plan and proposed development layout are included with the sale.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Decatur
    County
    Wise
    State
    Texas
    Longitude
    -97.599839
    Latitude
    33.221658

    FAQs

    What type of property is this?
    Commercial land - 16.65-acre tract ideal for multifamily or mixed-use development.
    Where is this commercial land located?
    The property is located at 1202 W Thompson Street Decatur, TX.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Prime location in Decatur, TX, ideal for multifamily development.; High demand area with nearby apartments at 100% occupancy and waitlists.; Excellent access from W. Thompson St. and S. Deer Park Rd.
    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