1202 W Thompson St

Located at the northeast corner of W. Thompson Street and S. Deer Park Road in Decatur, TX, this ±16.65-acre tract offers a compelling opportunity for multifamily or mixed-use development in the city’s core. Directly across from McCarroll Middle School and adjacent to the stabilized Crestview Place Apartments, the property is well positioned amid strong demand generators and benefits from excellent access along both frontage roads. The surrounding multifamily market demonstrates exceptional performance, with nearby communities such as Trophy Ridge—completed in 2021—achieving full occupancy and maintaining waitlists, highlighting the need for additional housing in the area. The site is ideally suited for development (buyer to verify zoning), is close to established residential neighborhoods, retail and dining along SH 287, and major employers including Wise Regional Health System. With development plans and a proposed site layout included, this property represents a rare chance to leverage strong rental demand in a growing corridor with proven absorption and nearby stabilized assets.