# 1202 W Thompson Street, Decatur, TX 76234

> **TL;DR:** commercial, $3,200,000. Est. $13,867/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $3,200,000 |
| Lot Size | 725,405 sqft (16.65 acres) |
| Property Type | Commercial (Unimproved Land) |
| Status | For Sale |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $13,867 |
| **Total** | **$13,867** |

## Property Highlights

- 16.65 acre lot

## Description

### Agent Description
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.

## Location

- **Address:** 1202 W Thompson Street, Decatur, TX 76234
- **County:** Wise
- **Neighborhood:** None
- **Coordinates:** 33.222735, -97.601705
- **Google Maps:** https://www.google.com/maps?q=33.222735,-97.601705

## Listing Agent

- **Name:** Kristen Holle
- **Brokerage:** Keller Williams Fort Worth
- **Phone:** 8179207770
- **Email:** kristenholle@kw.com

## Primary Photo

![1202 W Thompson Street - Primary Photo](http://lh.rdcpix.com/ac84f653b9aa425a0c7b48da1b08c052l-f1572831767r.jpg)

*14 total photos available on [listing page](https://www.propertysimple.com/listing/1202-w-thompson-street-decatur-tx-76234-21015684)*

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**MLS#:** 21015684 | **Updated:** 2026-06-19
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.com/listing/1202-w-thompson-street-decatur-tx-76234-21015684)

---

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