Multifamily Development Land
For Sale
$3,200,000
1202 W Thompson Street lot Land, Decatur, TX 76234
Land, Decatur, TX
Property SizeContact for details
Lot Size16.65 Acres
Days on Market121
Property Features for 1202 W Thompson Street lot Land
General Information
Property type
Land
Property subtype
Other
Zoning description
Commercial, multi family
Lot features
Acreage, Cleared, City Lot
Elementary school
Carson
Middle school
Mccarroll
High school
Decatur
Elementary school district
Decatur ISD
Middle school district
Decatur ISD
High school district
Decatur ISD
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
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 21
Last Checked: Aug 23 at 9:06AM
MLS# 21018795
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.
Offered for sale as a development-ready land tract measuring approximately 16.65 acres, this site is positioned to support multifamily or mixed-use concepts, subject to buyer verification of zoning. A site plan and proposed development layout are included with the sale, providing a practical starting point for planning and entitlement discussions.
The property is located at the northeast corner of W. Thompson Street and S. Deer Park Road in Decatur, Texas. It features excellent ingress and egress from both streets and is directly across from McCarroll Middle School. The tract is also adjacent to the stabilized Crestview Place Apartments, with additional multifamily presence nearby including Trophy Ridge, delivered in 2021 and noted as maintaining 100% occupancy and waitlists.
With stabilized apartments immediately next door and demonstrated demand reflected in nearby leasing performance, the site is well suited to developers seeking to capitalize on continued housing absorption. Its mix of surrounding institutional, residential, and retail/service amenities supports a range of multifamily or mixed-use strategies for operators and investors looking for growth-oriented infill development.
The property is located at the northeast corner of W. Thompson Street and S. Deer Park Road in Decatur, Texas. It features excellent ingress and egress from both streets and is directly across from McCarroll Middle School. The tract is also adjacent to the stabilized Crestview Place Apartments, with additional multifamily presence nearby including Trophy Ridge, delivered in 2021 and noted as maintaining 100% occupancy and waitlists.
With stabilized apartments immediately next door and demonstrated demand reflected in nearby leasing performance, the site is well suited to developers seeking to capitalize on continued housing absorption. Its mix of surrounding institutional, residential, and retail/service amenities supports a range of multifamily or mixed-use strategies for operators and investors looking for growth-oriented infill development.
Key Highlights
- +/-16.65‑acre tract at the NE corner of W. Thompson St. & S. Deer Park Rd in Decatur, TX
- Public water and public sewer available
- Ingress‑egress from both W. Thompson St. and S. Deer Park Rd
Property Analytics
Property Profile
Current Use
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 - 16.65-acre tract at a key intersection offers multifamily and mixed-use development potential with development materials included.
Where is this residential land & home lot located?
The property is located at 1202 W Thompson Street lot Land 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 at the NE corner of W. Thompson St. & S. Deer Park Rd in Decatur, TX; Public water and public sewer available; Ingress‑egress from both W. Thompson St. and S. Deer Park Rd
