Multifamily Development Land
For Sale
$3,200,000
1202 W Thompson Street, Decatur, TX 76234
CommercialSale, Decatur, TX
Property SizeContact for details
Lot Size16.65 Acres
Days on Market130
Property Features for 1202 W Thompson Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Commercial, multi family
Directions
Please use GPS.
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
Legal Description
A-79 JC BULLOCK 16.6530 ACRES
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Floors in Building
1
Listing Agency:
Keller Williams Fort Worth · Keller Williams Realty
(817) 920-7700
Listed By:
Kristen Holle · License #0716804
(817) 920-7700
Added: Apr 25
Changed: Aug 23
Last Checked: Sep 1 at 5:06PM
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.
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
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
682
Businesses Nearby
Explore this area
Business Placement
Demographics for 76234, TX
18,755
Population
8,047
Households
2.3
Avg Household Size
40
Median Age
22%
College-Educated
89%
High-School Grad
314.0 sq mi
ZIP Area
60
Density / Sq Mi
$88,083
Median Household Income
$45,137
Median Earnings
$1,358
Median Rent
$304,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
