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Single-Family Corner Conversion Opportunity

510 W Walnut Street Decatur, TX 76234

New
510 W Walnut Street, Decatur, TX, 76234
$499,000
For Sale
$499,000

SINGLE_FAMILY - Decatur, TX

Lot Size0.45 Acres
Days on Market1

Property Features for 510 W Walnut Street

General Information

Property type
Residential
Property subtype
Office
Parking features
Driveway, Carport
Security features
Security
Fireplace
1
Standard status
Active
APN
757141
Lot size
0.45 Acres

Taxes and HOA fees

Tax Description
BLK 155 TARLETON

Utilities

Sewer type
Public Sewer
Heating system
Central, Fireplace(s)
Cooling system
Central Air
Water source
Public

Building Details

Year built
1945
Floors in Building
1
Number of units
1
Flooring type
Vinyl, Tile, Parquet Wood, Wood
Roof type
Shingle, Composition
Listing Agency Parker Properties Real Estate
Decatur, TX
Listed by Jared Lucier · License #0697805
Added: Jul 18 Checked: Jul 18 at 7:06 pm
MLS# 21244080

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 single-family home at 510 W Walnut Street is currently a lived-in residence and used for residential purposes. It sits on a nearly half-acre corner lot, offering the outdoor space that can support parking and flexible future site planning. The property is located within the designated historic corridor and is described as part of the downtown district, with the site zoned C1.

The location places the home within walking distance of the historic downtown Decatur square. Access is available via Trenchard or Walnut, and the property is described as providing quick access back to business 287, highway 287, and highway 380.

For buyers, this asset may fit several paths depending on timing. If you plan to hold as a residence, the property is already operating as a lived-in home. If you are pursuing a longer-term change, the C1 zoning and downtown district placement support redevelopment planning for commercial use over time, while the corner-lot layout can be advantageous for improving vehicle access and site functionality.

Key Highlights

  • Zoned C1 and located in the City of Decatur designated historic corridor/downtown district
  • Nearly half‑acre corner lot with access via Trenchard or Walnut
  • House built in 1945 with central heating and central air conditioning

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Single family properties

Suggested Use

Parking Lot & Garage (Bike/Boat/Book/etc) Store Catering Service Butcher (Bike/Boat/Book/etc) Store Locksmith Tanning Salon (Bike/Boat/Book/etc) Store Barber Shop Carpet & Flooring Store

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

FAQs

What type of property is this?
Single family property - Single-family property on a corner lot in a C1 historic corridor, suited for either continued residence or conversion.
Where is this single family property located?
The property is located at 510 W Walnut Street Decatur, TX.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Zoned C1 and located in the City of Decatur designated historic corridor/downtown district; Nearly half‑acre corner lot with access via Trenchard or Walnut; House built in 1945 with central heating and central air conditioning
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