Multifamily Development Land
1202 W Thompson Street Decatur, TX 76234
1202 W Thompson Street, Decatur, TX, 76234
$3,200,000
For Sale
$3,200,000
LAND - Decatur, TX
Lot Size16.65 Acres
Days on Market85
Property Features for 1202 W Thompson Street
General Information
- Property type
- Land
- Property subtype
- Other
- Standard status
- Active
- APN
- 796329
- Lot size
- 16.65 Acres
Taxes and HOA fees
- Tax Description
- A-79 JC BULLOCK 16.6530 ACRES
- Tax Annual Amount
- 29708
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Floors in Building
- 1
Listing Agency
Keller Williams Fort Worth
(817) 920-7700
Fort Worth, TX
Listed by
Kristen Holle · License #0716804
(817) 920-7700
Added: Apr 25 Checked: Jul 18 at 8:06 am
MLS# 21015684
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Investment Insights
Based on property information with market context.
This offering is a development-ready commercial land tract totaling approximately 16.65 acres, presented as an opportunity for multifamily or mixed-use development. The property is being sold with a site plan and proposed development layout included with the sale, supporting concept-level planning and early feasibility. Zoning is described as ideal for multifamily or mixed-use development, with the buyer to verify zoning and approvals.
The site is located at the northeast corner of W. Thompson Street and S. Deer Park Road in Decatur, Texas. It offers excellent ingress and egress from both intersecting roadways. The tract is directly across from McCarroll Middle School and adjacent to the stabilized Crestview Place Apartments, with nearby multifamily activity including Trophy Ridge Apartments, described as operating at 100% occupancy and maintaining waitlists.
With demonstrated absorption in the surrounding rental market and stabilized apartment presence next door, this land is positioned to support new housing demand in the area. The property’s corner access and relationship to education and existing multifamily uses make it a practical fit for developers seeking a site for additional multifamily units or a mixed-use approach, subject to buyer verification of zoning and development requirements.
The site is located at the northeast corner of W. Thompson Street and S. Deer Park Road in Decatur, Texas. It offers excellent ingress and egress from both intersecting roadways. The tract is directly across from McCarroll Middle School and adjacent to the stabilized Crestview Place Apartments, with nearby multifamily activity including Trophy Ridge Apartments, described as operating at 100% occupancy and maintaining waitlists.
With demonstrated absorption in the surrounding rental market and stabilized apartment presence next door, this land is positioned to support new housing demand in the area. The property’s corner access and relationship to education and existing multifamily uses make it a practical fit for developers seeking a site for additional multifamily units or a mixed-use approach, subject to buyer verification of zoning and development requirements.
Key Highlights
- +/-16.65‑acre tract in Decatur, TX at the NE corner of W. Thompson St. & S. Deer Park Rd.
- Public water and public sewer available.
- Excellent ingress‑egress from both W. Thompson St. and S. Deer Park Rd.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Similar For Sale Nearby
FAQs
What type of property is this?
Residential land & home lot - A development-ready tract positioned at a key northeast corner with strong adjacent and nearby housing demand.
Where is this residential land & home lot 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: +/-16.65‑acre tract in Decatur, TX at the NE corner of W. Thompson St. & S. Deer Park Rd.; Public water and public sewer available.; Excellent ingress‑egress from both W. Thompson St. and S. Deer Park Rd.
