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About This Home
This 0-bedroom, 0-bathroom commercial at 1202 W Thompson Street in Decatur, TX is listed for $3,200,000. on a 16.65 acres lot.
Prime Multifamily Development Opportunity at the Northeast Corner of W. Thompson Street & S. Deer Park Road in Decatur, TX. This ±16.65-acre tract is strategically located in the heart of Decatur, TX, offering an exceptional opportunity for multifamily or mixed-use development. Positioned directly across from McCarroll Middle School and adjacent to the stabilized Crestview Place Apartments, the site benefits from strong surrounding demand drivers and excellent connectivity. Multifamily market fundamentals in the area are robust, with nearby properties such as Trophy Ridge (delivered in 2021) operating at 100% occupancy and maintaining waitlists — underscoring the acute demand for additional housing in the Decatur market.
Property Highlights include - Zoning: Ideal for multifamily or mixed-use development (buyer to verify)
Location: NE corner of W. Thompson St. & S. Deer Park Rd.
Access: Excellent ingress-egress from both W. Thompson St. and S. Deer Park Rd.
Surrounding Uses: Directly across from McCarroll Middle School, adjacent to Crestview Place Apts, near Trophy Ridge Apts (100% leased), and proximate to single-family subdivisions
Nearby Commercial: Retail, dining, and service amenities located along SH 287
Major Employer Proximity: Minutes from Wise Regional Health System, one of the area’s largest employers
Development Ready: Site plan and proposed development layout included with sale
This site presents a rare opportunity to capitalize on strong rental demand in a high-growth corridor with proven absorption and stabilized assets nearby.
Key Features
- 16.65 acre lot
Monthly Cost Estimate
$17,114/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
1202 W Thompson Street
Decatur, TX 76234
None
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 1202 W Thompson Street is listed at $3,200,000. The estimated monthly payment is $13,867 based on 20% down at 6.5% interest.
Key features include: 16.65 acre lot.
This property is listed by Kristen Holle and can be reached at 8179207770 or kristenholle@kw.com.
