About This Home

This 0-bedroom, 0-bathroom commercial at 501 N Third St in Longview, TX is listed for $1,250,000. Built in 1930, on a N/A lot.

Key Features

  • Built in 1930

Property Details

1 story
1930
Listing Description

NOW AVAILABLE FOR SALE OR LEASE | DOWNTOWN LONGVIEW This building has character you simply won't find anywhere else. Located in the heart of Downtown Longview's Arts District, this nearly 8,000-square-foot commercial property offers a rare combination of historic charm, modern industrial design, and incredible flexibility.

The seller is now offering the property for either sale or lease, with leasing available at $7,500 per month plus NNN (triple net expenses). Originally part of the historic Longview ISD downtown campus and formerly used as a library, the building has been extensively renovated while preserving its unique architectural character.

Polished concrete floors, exposed brick walls, custom iron doors, and an impressive oversized conference room create a space that stands apart from traditional office buildings. Currently configured as two separate office suites with independent entrances, the property offers flexibility for an owner-occupant, investor, or business looking for a distinctive downtown headquarters.

Main Building | N. Third Street Entrance | Approx. 5,000 Sq. Ft. Features an impressive reception area, executive office with private bathroom and shower, five additional offices, spacious conference room, kitchen/workroom, and two additional bathrooms.

Leased Suite | E. Magrill Street Entrance | Approx. 2,800 Sq. Ft. Includes a private lobby, conference room, kitchen/workspace, four offices, and bathroom. Currently leased for $2,800 per month under a three-year lease, generating $33,600 in annual gross rental income.

The property offers the potential for an owner-user to occupy one suite while benefiting from rental income on the other, or for an investor to capitalize on the building's income-producing potential. The layout also provides opportunities for future reconfiguration to accommodate a single larger business.

Recognized with a Longview Beautification Award for its beautifully maintained grounds, the property is surrounded by revitalized downtown offices in one of Longview's most distinctive districts. Whether you're looking to purchase a unique commercial investment or lease an impressive space for your growing business, this is an opportunity you won't find anywhere else. AVAILABLE FOR SALE OR LEASE Lease Rate: $7,500/Month + NNN Sale pricing and additional lease terms available upon request.

Monthly Cost Estimate

$6,685/mo

20% down · 6.5% · 30 years

Principal$904
Interest$5,417
Insurance$365

Estimates only. Actual payments may vary.

Location

501 N Third St

Longview, TX 75602

Property Details

Construction

Brick

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 501 N Third St is listed at $1,250,000. The estimated monthly payment is $6,686 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1930.

This property is listed by Janti Patel.

JP

Janti Patel

Agent at Ramsey Realty Group LLC

Listed by Ramsey Realty Group LLC · Broker phone: (903) 759-3333 · Broker website

MLS# 20263011· Source: Longview Area Association of Realtors· 188 days on PropertySimple

Copyright © 2026 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

501 N Third St, Longview, TX 75602

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