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$ 3,200,000
Est. payment | /mo
16.65 Acres Lot
$ 3,200,000
Est. payment | /mo
16.65 Acres Lot
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 21015684
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.
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
Inclusions Land Only
Fireplace No
Exterior
Utilities Available Sewer Available, Water Available
Water Access Desc Public
Private Pool No
Building
Story 1
Sewer Public Sewer
Water Public
Others
Tax ID 796329
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21015684
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GP Theriot IV
Real Estate Consultant, US Army Veteran (CPT) Lic# 0817775