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- $3.2M Price
- 16.65 Acres
- 9999 Year Built
- Study
- Game Room
- Media
- Pool
1202 W Thompson Street Land
Decatur, Texas 76234
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.
Essential Information
- Price$3,200,000
- Cumulative Days on MarketUnlock
- MLS® #21018795
- Acres16.65
- Year Built9999
- TypeLand
- Sub-TypeUnimproved Land
- StatusActive
Quick Valuation Analysis from 12 Active and 11 Sold Listings
Pricing Trends from 12 Active Listings in None
| This Home's Price | $3,200,000 | This Home's Price Per SqFt | $ |
| Average Price | $1,948,815 | Average Price Per SqFt | $ |
| Highest Price | $6,250,000 | Highest Price Per SqFt | $ |
| Lowest Price | $252,000 | Lowest Price Per SqFt | $ |
Pricing Trends from 11 Sold Listings in None
| This Home's Price | $3,200,000 | This Home's Price Per SqFt | $ |
| Average Price | $1,030,706 | Average Price Per SqFt | $ |
| Highest Price | $3,250,000 | Highest Price Per SqFt | $ |
| Lowest Price | $5,000 | Lowest Price Per SqFt | $ |
School Information
- School DistrictDecatur ISD
- Elementary SchoolCarson
- Middle SchoolMccarroll
- High SchoolDecatur
Community
Exterior
- Lot DescriptionAcreage, Cleared
Additional Information
- ZoningCommercial, multi family
Private Listing Information (Registration Required)
Listing Details
- AgentKristen Holle
- OfficeKeller Williams Fort Worth
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Listing information last updated on October 18th, 2026 at 12:45am CDT.