501 N THIRD STREET, LONGVIEW, TX 75602

Homes for sale in Longview.

Homes for sale in 75602.


Active

List Price$1,450,000

501 N Third Street

Longview, TX 75602

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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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