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$1,450,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 501 N Third St
General
- Price: $1,450,000
- Status: Active
- Type: Office
- Source: NTREIS
- MLS ID: 21327833
- Updated: 7/10/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Accounting, Administrative and Support, Commercial, F
Interior
- Flooring: Concrete
Parking
- Parking Features: Lighted, Parking Lot, Secured
Location
- County: Gregg
- Subdivision: S7050 - TEXAS LAND COMPANY
- Driving Directions: From McCann Rd or Spur 63 and Hwy80 or Marshall Ave - go east on Marshall Ave to Third St - just before Christus Good Shepherd Hospital, turn right on Third St (south). Property is on the right on the corner. Road frontage on both Third St and Magrill.
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Electric
- Heating Type: Central, Electric
Utilities
- Sewer: Public Sewer
- Water: Public
- Utility Description: Electricity Connected, Sewer Available, Water Available
Structural Information
- Detached/Attached: Detached
- Construction: Brick
- Roof: Flat
- Stories/Levels: 1
- Square Feet: 7,800
- Sq. Ft. Source: Public Records
- Year Built: 1930
Lot Features
- Lot Size (Acres): 0.38
- Lot Size (Sq. Ft.): 16,552.8
- Lot Size Source: Public Records
- Sidewalks: Yes
- Lot Features: Corner Lot, Landscaped
- Potential Use: Office
- Zoning: Commercial
Financial Considerations
- Terms: Cash, Conventional
- Owner Pays: All Utilities, Exterior Maintenance, Grounds Care, Insurance, Taxes
- Tenant Pays: Other
Disclosures and Reports
- Legal Description: LTS 4 & 5 BLK 35 (NCB 89) TEXAS LAND CO
- Inclusions: Land & Improvements
- Property ID: 68212
Listed by Ramsey Realty Group, Janti Patel
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Schools
Schools serving 501 N Third St
School District:Longview Independent School District
| Name | Grades | Distance |
|---|---|---|
Bramlette Steam Academy 111 Tupelo Drive, Longview, TX 75601 | 1-5 | 1.1 mi |
East Texas Montessori Prep Academy 400 North Eastman Road, Longview, TX 75601 | PK-K | 1.5 mi |
Longview High School 201 E Tomlinson Pkwy, Longview, TX 75605 | 9-12 | 3.3 mi |
Judson Steam Academy 5745 Judson Road, Longview, TX 75605 | 6-8 | 6.2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 501 N Third St
Date
Details
Price
Change
Source
7/10/2026
Listed
$1,450,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 501 N Third St
501 N Third Street, Longview, TX 75602 (MLS# 21327833) is a Office property. 501 N Third Street is currently listed for $1,450,000 and was received on July 10, 2026. Want to learn more about 501 N Third Street? Do you have questions about finding other Office real estate for sale in Longview? You can browse all Longview real estate or contact a Coldwell Banker agent to request more information.

