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1202 W Thompson Street # Land Decatur, TX $ 3,200,000
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$ 3,200,000 Get more info
1202 W Thompson Street # Land
$ 3,200,000
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1202 W Thompson Street # Land

Decatur, TX, 76234
$ 3,200,000
Baths0.0

Monthly Estimate*

$ 19,964

​
Studio

Lots and Land 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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Lots and Land Active

Price

$ 3,200,000

Bedrooms

Studio

Property Type

Lots and Land

Taxes

$ 29,708

Style

Unimproved Land

Lot Size

16.653

Town/City

Decatur

County/Region

Wise

MLS | Web ID

21018795
Features
General
Development Status City Limits Zoned
Utilities City Sewer City Water
Possession Closing/Funding
Restrictions None
School District Decatur ISD
Year Built 9999
Unit Number Land
Property Subtype Unimproved Land
Subdivision Name None
County Wise
Property Type Land
HOA Type None
Status Active
Directions Please use GPS.
City Decatur
Elementary School Name Carson
High School Decatur
Elementary School Carson
Standard Status Active
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Exterior
Waterfront 0
Lot Features Acreage Cleared
Lot Size Source Public Records
Lot Size 10 to < 50 Acres
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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
287284 Elementary School
3676423 Middle School
See complete school information
Pricing History
Date Price Price Change Description
7/31/2025 $3,200,000 Listed Price

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1202 W Thompson Street # Land, Decatur, TX, 76234 is a Lots and Land for sale at $3,200,000 with a lot size of 16.653. 1202 W Thompson Street # Land is a studio with 0.0 baths. The property's zip code is 76234 which is in Decatur, TX

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