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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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401 N Newark St , Decatur, TX 76234
$480,000
Est. Payment: $2,471.25/mo
0 Bed
0 Bath
0 Sqft
Status: active | Days on site: 95
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Cason Caraway , Post Oak Realty West , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
2.97

Year Built

9999

County

Wise

Neighborhood

Proctor Add

Listing ID

21278146

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:

Exterior Features

Lot:Acreage,Cleared,1 to < 3 Acres
Zoning:Light Industrial
Others:
  • Additional:Preowned
Principal Interest
$2,471
Taxes
$276

Home Price

$480,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$96,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,471.25

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,471.25 $275.67 $0.00 $2,746.92
Yearly $29,654.98 $3,308.00 $0.00 $32,962.98
Total $889,649.44 $99,240.00 $0.00 $988,889.44

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Decatur, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T21:21:41.390Z

© 2026 North Texas Real Estate Information Systems