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Wise, US
Exceptional opportunity to acquire a shovel-ready, entitled 61-unit townhome development site in the rapidly expanding Hwy 380 growth corridor of Decatur, Texas. Positioned just south of Hwy 380, this site offers excellent access and visibility within one of North Texas’ most active residential expansion zones.
The property is fully entitled for 61 townhome units, allowing a developer to move directly into construction with minimal entitlement risk. The site is ideally suited for for-sale townhomes, build-to-rent product, or a hybrid residential strategy, catering to strong regional demand driven by population growth, employment expansion, and ongoing infrastructure investment.
Surrounded by new residential communities, retail, and commercial development, the location benefits from proximity to major regional routes connecting Denton, Fort Worth, and the greater DFW Metroplex. Utilities are available nearby, and the site configuration supports efficient unit layout and absorption.
This offering represents a rare, turnkey development opportunity in an undersupplied submarket with proven demand for quality townhome product.
Highlights:
• 61-unit entitled townhome development site
• Shovel-ready status
•. Plans and permits approved
• Prime Hwy 380 corridor location
• Strong residential growth market
• Ideal for for-sale or build-to-rent development
• Convenient access to Denton, Fort Worth, and DFW
• Potential builder incentives
Courtesy Of: Agency Dallas Park Cities, LLC
Feature Highlights
- AG Exemption
Public Schools
- School District:
- Decatur ISD
- Elementary School:
- Carson
- Middle School:
- Mccarroll
- High School:
- Decatur
Exterior Features and Amenities
- Lot Features:
- Acreage,Level
- Lot Size:
- 5 to < 10 Acres
- Lot Size Area:
- 5.0000
- Lot Size Units:
- Acres
- Subdivision Name:
- NA
Utility Information
- Utilities:
- City Sewer,City Water,Electricity Available,Natural Gas Available,Sewer Available
Other Features
- Parcel Number:
- 743027
- Possession:
- Closing/Funding
- Restrictions:
- No Restrictions
- Will Subdivide:
- Yes
Directions
From I-35W, take Exit 60 FM 51 Decatur. Head west on FM 51 SE 28th St for about 2.3 miles. Turn right onto S Deer Park Rd and continue 0.7 miles. The property will be on the right at 700 S Deer Park Rd, Decatur, TX 76234
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Data last updated: 2026-01-22.
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