401 N Newark St, Decatur, TX 76234

$480,000

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

List Price
$480,000
MLS#
21278146
Status
ACTIVE
Type
Commercial
Subtype
CommercialSale
Construction Status
Preowned
Acres
2.97
County
Wise
City
Decatur
Subdivision
Proctor Add

Property Description

Located in a rapidly growing area of Decatur and just minutes from the new Paloma Trails development, this 2.934-acre light industrial property offers a rare opportunity to secure commercial land in the path of growth. With strong development activity nearby and convenient access to town amenities, this location is well-positioned for future expansion and investment potential. Situated within city limits with access to city water and sewer, the property offers flexibility for a variety of commercial uses including office-warehouse, automotive, retail, storage warehouse, wholesale, and more. With nearly 3 acres of unimproved land and the potential to subdivide, the possibilities are extensive for future development or phased projects. Located on N Newark Street with convenient city street frontage, this property benefits from excellent accessibility while remaining close to major growth areas, residential expansion, and the amenities that continue to drive demand in Decatur. The proximity to the new Paloma Trails neighborhood adds additional long-term value as the area continues to develop. Whether you are looking to expand operations, develop commercial space, or secure land in a rapidly growing market, this property offers location, flexibility, and opportunity in one of Wise County’s most active growth areas.

Additional Information

Unexempt Taxes
$3,308
Lot Size
129,503
Acres
2.97
Lot Description
Cleared
Building Stories
1
Possession
CloseOfEscrow, Negotiable
Proposed Use
Automotive, Office, Retail, Warehouse, Wholesale Operation
Inclusions
Land Only

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Cason Caraway from Post Oak Realty West. Contact: (940) 384-7355