1202 W Thompson Street

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 subdivisionsNearby Commercial: Retail, dining, and service amenities located along SH 287Major Employer Proximity: Minutes from Wise Regional Health System, one of the areas largest employersDevelopment Ready: Site plan and proposed development layout included with saleThis site presents a rare opportunity to capitalize on strong rental demand in a high-growth corridor with proven absorption and stabilized assets nearby.