Multifamily Development Land
1202 W Thompson Street, Decatur, TX 76234
- Added:
- Apr 25, 2026
- Days on Market:
- 40
- Last Refresh:
- Jun 3 at 12:06 am
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 agent Kristen Holle License #0716804 (817) 920-7700
Listing office Keller Williams Fort Worth Fort Worth, TX (817) 920-7700
Listing date Apr 25, 2026
MLS# 21015684
Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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.
- Directly across from McCarroll Middle School and adjacent to Crestview Place Apartments.
- Site plan and proposed development layout included with the sale.
- Near Trophy Ridge apartments (delivered in 2021) operating at 100% occupancy with waitlists (per remarks).
Overview
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.
Property Profile
Location Intelligence
Current Use by Public Records
Residential land & home ...
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Wise
- State
- Texas
- Longitude
- -97.601705
- Latitude
- 33.222735
Nearby Similar for Sale
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.
