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1202 W Thompson Street Decatur, TX $ 3,200,000
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$ 3,200,000 Get more info
1202 W Thompson Street
$ 3,200,000
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Share Save

1202 W Thompson Street

Decatur, TX, 76234
$ 3,200,000
Bedrooms-- Baths--

Monthly Estimate*

$ 19,964

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Commercial Property for sale in Decatur, TX

for $3,200,000. The lot size is 16.653.

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.

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Commercial Active

Price

$ 3,200,000

Property Type

Commercial

Taxes

$ 29,708

Style

Unimproved Land

Lot Size

16.653

Town/City

Decatur

County/Region

Wise

MLS | Web ID

21015684
Features
General
Utilities City Sewer City Water
Possession Closing/Funding
Year Built 9999
Business Type Variety Other
Property Subtype Unimproved Land
Subdivision Name None
County Wise
Property Type Commercial Sale
Construction Materials Other
Year Built Details Preowned
Status Active
Directions Please use GPS.
City Decatur
Standard Status Active
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Exterior
Lot Size Source Public Records
Lot Size 10 to < 50 Acres
Building Area Total 0.00
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Interior
Total Stories 1
Total Units 0
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Internal Only
Street Number 1 1202
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* Excluded Features
List By
Kristen Holle

Listing Agent

Keller Williams Fort Worth

Broker

Affordability Calculator

$22,440
Per Month
89%
11%
0%
Monthly Principal & Interest
$19,964
Monthly Property Taxes
$2,476
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
288163 Elementary School
288375 Middle School
Unknown High School High School
See complete school information
Pricing History
Date Price Price Change Description
7/29/2025 $3,200,000 Listed Price

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1202 W Thompson Street, Decatur, TX, 76234 is a Commercial Property for sale at $3,200,000 with a lot size of 16.653. The property's zip code is 76234 which is in Decatur, TX

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