# 1202 W Thompson Street, Decatur, TX 76234 > **TL;DR:** commercial, $3,200,000. Est. $17,114/mo. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $3,200,000 | | Lot Size | 725,405 sqft (16.65 acres) | | Stories | 1 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 0 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $16,181 | | Estimated Insurance | $933 | | **Total** | **$17,114** | ## Property Highlights - 16.65 acre lot ## Description ### Agent 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 - **Address:** 1202 W Thompson Street, Decatur, TX 76234 - **County:** Wise - **Coordinates:** 33.222735, -97.601705 - **Google Maps:** https://www.google.com/maps?q=33.222735,-97.601705 ## Virtual Tour & Media - **Video Tour:** https://www.propertypanorama.com/instaview/ntreis/21015684 ## Listing Agent - **Name:** Kristen Holle - **Brokerage:** Fort Worth Re LTD - **Broker Phone:** (817) 920-7700 ## Photos ![1202 W Thompson Street - Photo 1](http://lh.rdcpix.com/653315734fd6592b790ff8af3aba7438l-f1060213079r.jpg) ![1202 W Thompson Street - Photo 2](http://lh.rdcpix.com/653315734fd6592b790ff8af3aba7438l-f3702492990r.jpg) ![1202 W Thompson Street - Photo 3](http://lh.rdcpix.com/653315734fd6592b790ff8af3aba7438l-f478777415r.jpg) ![1202 W Thompson Street - Photo 4](http://lh.rdcpix.com/653315734fd6592b790ff8af3aba7438l-f781017980r.jpg) ![1202 W Thompson Street - Photo 5](http://lh.rdcpix.com/653315734fd6592b790ff8af3aba7438l-f826541592r.jpg) ![1202 W Thompson Street - Photo 6](http://lh.rdcpix.com/653315734fd6592b790ff8af3aba7438l-f649778725r.jpg) ![1202 W Thompson Street - Photo 7](http://lh.rdcpix.com/653315734fd6592b790ff8af3aba7438l-f304440594r.jpg) ![1202 W Thompson Street - Photo 8](http://lh.rdcpix.com/653315734fd6592b790ff8af3aba7438l-f1548798352r.jpg) ![1202 W Thompson Street - Photo 9](http://lh.rdcpix.com/653315734fd6592b790ff8af3aba7438l-f3897255983r.jpg) ![1202 W Thompson Street - Photo 10](http://lh.rdcpix.com/653315734fd6592b790ff8af3aba7438l-f1316761329r.jpg) ![1202 W Thompson Street - Photo 11](http://lh.rdcpix.com/653315734fd6592b790ff8af3aba7438l-f2376730483r.jpg) ![1202 W Thompson Street - Photo 12](http://lh.rdcpix.com/653315734fd6592b790ff8af3aba7438l-f2237059538r.jpg) ![1202 W Thompson Street - Photo 13](http://lh.rdcpix.com/653315734fd6592b790ff8af3aba7438l-f90201635r.jpg) ![1202 W Thompson Street - Photo 14](http://lh.rdcpix.com/653315734fd6592b790ff8af3aba7438l-f3908779555r.jpg) --- **MLS#:** 21015684 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 North Texas Real Estate Information Systems, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://staging.propertysimple.ai/listing/1202-w-thompson-street-decatur-tx-76234-3eb29b0eae0e41d388cd9a77aaa00b22) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/1202-w-thompson-street-decatur-tx-76234-3eb29b0eae0e41d388cd9a77aaa00b22#listing", "url": "https://staging.propertysimple.ai/listing/1202-w-thompson-street-decatur-tx-76234-3eb29b0eae0e41d388cd9a77aaa00b22", "name": "1202 W Thompson Street, Decatur, TX 76234", "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. 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