501 N THIRD STREET, LONGVIEW, TX 75602
Homes for sale in Longview.
Homes for sale in 75602.
List Price$1,450,000
501 N Third Street
Longview, TX 75602
Listing #21327833
7,800
Square Feet
1
Number of Units
Commercial
Type
About This Property
This building has character you won't find anywhere else. Exceptional investment and owner-user opportunity in the heart of downtown Longview, specifically located in the vibrant arts district. Offering a unique blend of income-producing space and high-end owner occupancy. Nearly 8,000 sq ft of fully renovated, income-producing office space in the heart of downtown Longview. Formerly a library part of the original downtown Longview ISD campus, this one-of-a-kind property blends historic character with striking modern industrial design--featuring polished concrete floors, exposed brick walls, and custom irondoors opening to an impressive oversized conference room. Currently configured as two separate office suites with individual entrances, each side offers its own lobby, conference room, kitchen, workspace, and private offices--ideal for an owner-user, investor, or multi-tenant setup. Existing leased space provides immediate income with additional upside potential. Highlights include a spacious executive office with private en-suite bath and shower, large reception area, multiple oversized offices, and flexible layout options to expand, reconfigure, or convert back to a single flagship office space. Award-winning grounds(Longview Beautification Award) and a prime location surrounded by revitalized office properties make this a rare opportunity to own one of Longview's most distinctive commercial buildings. A true one-of-a-kind space for the buyer who values design, history, and opportunity. Main building- Entrance on N. Third Street: Owner's office with private bath, kitchen, workroom, conference room, lobby, 2 additional bathrooms, 5 additional offices. Approx 5,000 sqft. Leased space- Entrance on E.Magrill Street: Lobby, conference room, kitchen, workspace, bathroom, 4 offices. Approx 2,800 sqft. Currently leased at $2,800 per month on a three-year term, providing immediate and stable cash flow.
Property Features
Location Information
County
Gregg
Subdivision
S7050 - TEXAS LAND COMPANY
Interior Features
Has Fireplace
No
Tenant Pays
Other
Heating
Central, Electric
Total Number of Units
1
Cooling
Central Air, Electric
Accessibility
Accessible Approach with Ramp, Accessible Entrance
Floors
Concrete
Exterior Features
Construction
Brick
Lot Size in Sq. Ft.
16,552
Foundation
Slab
Possible Best Use
Office
Roof
Flat
Zoning
Commercial
Utilities
Electricity Connected, Sewer Available, Water Available
Building Total Area (Sq. Ft.)
7,800
Parking Description
Lighted, Parking Lot, Secured
Is One Story
No
Lot Description
Corner Lot, Landscaped
Lot Description
Corner Lot, Landscaped
Lot Size in Acres
0.38
Additional Information
Year Built Details
Preowned
Status
Active
Property Type
COM
Community Features
Sidewalks
Property SubType
Office
Lot Acres Source
Public Records
Year Built
1930
Similar Listings
Mortgage Calculator
$6,771
per month
30 Year Fixed. 3.52% Interest Rate.
Principal + Interest
$5,225
Monthly Tax
$1,208
Monthly Insurance
$338
yrs
%
$
$
Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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