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Property Details:

County or Parish
Wise
Lot Size
10 to < 50 Acres
Lot Size (Acres)
16.6530
Lot Size Area
16.6530
Lot Size (Square Feet)
725404.6800
Zoning Description
Commercial, multi family

Interior Information:

Stories Total
1

Exterior Information:

Lot Size
10 to < 50 Acres
Acres
16.6530

Commercial Info:

Building Area Total
0.00
Building Use
Other

Map

Flood information: FEMA National Flood Hazard Layer (NFHL). Coverage varies; no shading does not mean no flood risk. This map is informational, not an official flood determination for insurance or lending. Verify current maps at the FEMA Map Service Center.

MLS 21015684

1202 W Thompson Street

Decatur, Texas
$3,200,000
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Type: Commercial Sale
Year Built: 9999
Remarks: 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.
Active
Listed by: Kristen Holle
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Tony C Hager

Tony C Hager

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