1202 W Thompson Street Land, Decatur, TX 76234
None · Wise County
Key Facts
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.
Property Information
Property Type
Land
Sub-Type
Unimproved Land
Lot Size
16.65 acres
Days on Market
268
MLS® Listing#
21018795
Property Features
Lot Features
Sewer
Water Source
Schools
- Elementary:
- Carson
- Middle:
- Mccarroll
- High:
- Decatur
- District:
- Decatur ISD
Financial Details
Annual Taxes
$29,708
Parcel Number
796329
Directions
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Affordability Calculator
$640,000
Estimated monthly payment
$17,032/mo
Principal $2,560,000 · Est. interest $3,571,428 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Decatur, TX
- $586,207
- Median Listing Price
- 60
- Median Days on Market
- 2,283
- Median Sq Ft
- $237
- Median Price / Sq Ft
- 148
- Active Listings
- This home’s price is 446% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Decatur, TX.
Location
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Points of Interest in Decatur, TX
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Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 378 County Road 3170 Road, Decatur, TX | $2,251,679 | 4 | 2 | 1,642 |
| 333 PR 4197, Decatur, TX | $2,375,000 | 4 | 4 | 4,488 |
| 362 County Road 1170, Decatur, TX | $2,395,000 | 7 | 6 | 6,410 |
| TBD CR-4010, Decatur, TX | $2,500,000 | — | — | — |
| 1300 S Trenchard Street, Decatur, TX | $2,500,000 | — | — | — |
| 1121 County Road 4522, Decatur, TX | $2,700,000 | — | — | — |
Moving Cost Estimate
EXIT Agents in Decatur
Listing Courtesy: Keller Williams Fort Worth - 817-920-7770
Presented by: Kristen Holle
Last Updated: 2025-07-31