1202 W Thompson ST #Land, Decatur, TX 76234
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Therese Williams

Therese Williams

+1(940) 393-6800
$ 3,200,000
Est. payment | /mo

16.65 Acres Lot

Save
$ 3,200,000
Est. payment | /mo
Save

16.65 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 21018795

HOA Y/N No

Annual Tax Amount $29,708

Lot Size 16.653 Acres

Acres 16.653

Property Sub-Type Unimproved Land

Property 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

State TX

County Wise

Zoning Commercial, multi family

Direction Please use GPS.

Interior

Fireplace No

Exterior

Utilities Available Sewer Available, Water Available

Water Access Desc Public

Private Pool No

Building

Lot Description Acreage, Cleared, City Lot

Sewer Public Sewer

Water Public

Schools

Elementary Schools Carson

Middle Schools Mccarroll

High Schools Decatur

School District Decatur Isd

Others

Tax ID 796329

Schools and Properties Nearby

Therese Williams

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(940) 393-6800

tewilliams65@yahoo.com

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1202 W Thompson ST #Land