1202 W Thompson Street #LAND
Decatur, Texas 76234
16.65Acres(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Utilities
City Sewer,City Water
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Building Information
Built Year: 9999
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Lot Information
Lot Size (Acr): 16.6530 Lot Size Units: Acres Lot Size Square Feet: 725,405 Lot Size Source: Public Records Lot Features: Acreage,Cleared -
Property Information
Property Type: Land Property Sub Type: Unimproved Land Subdivision: None City: Decatur State: Texas Directions: Please use GPS. Property Status: Active Property Age: -7973
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Listing Price Information
Original List Price: $3,200,000 -
Listing Information
Possession: Closing/Funding
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Tax Information
Parcel Number: 796329 Tax Legal Description: A-79 JC BULLOCK 16.6530 ACRES Unexempt Taxes: $29,708
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Homeowners Association Information
HOA Type: None
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School Information
Elementary School: Carson Middle School: Mccarroll High School: Decatur School District: Decatur ISD -
Utility Information
Utilities: City Sewer,City Water
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 9725 Atcheson Road, Decatur, TX, 76234 | $569,000 | -- | -- | -- | 10.01 Acres(Lot) |
| TBD LOT 1 Fm 455, Decatur, TX, 76234 | $185,000 | -- | -- | -- | 1.91 Acres(Lot) |
| TBD LOT 2 Fm 455, Decatur, TX, 76234 | $185,000 | -- | -- | -- | 1.91 Acres(Lot) |
| 000 Fm 455, Decatur, TX, 76234 | $489,000 | -- | -- | -- | 11.47 Acres(Lot) |
| 640 County Road 379, Decatur, TX, 76234 | $135,000 | -- | -- | -- | 3.47 Acres(Lot) |
| 171 Cr-2825, Decatur, TX, 76234 | $400,000 | -- | -- | -- | 13.94 Acres(Lot) |
| 189 Nautilus Court, Decatur, TX, 76234 | $1,995,000 | 5 | 3 | 4,704 | 31 Acres(Lot) |
| TBD 7 County Rd 2830, Decatur, TX, 76234 | $65,000 | -- | -- | -- | 1 Acre(Lot) |
| 170 Quail Run Court, Decatur, TX, 76234 | $190,000 | -- | -- | -- | 2.88 Acres(Lot) |
| 340 Private Road 4512, Decatur, TX, 76234 | $351,050 | -- | -- | -- | 10.03 Acres(Lot) |
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ByOwner last updated this listing 06/21/2026 @ 16:29
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