501 N Third Street Longview, TX 75602
0.38 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Subdivision S7050 - Texas Land Company
MLS Listing ID 21327833
Total Fin. Sqft 7800
Year Built 1930
Lot Size 0.380 Acres
Acres 0.38
Property Sub-Type Office
Property Description
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.
Location
State TX
County Gregg
Zoning Commercial
Direction 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.
Interior
Heating Central, Electric
Cooling Central Air, Electric
Flooring Concrete
Heat Source Central, Electric
Exterior
Utilities Available City Sewer, City Water, Electricity Connected, Sidewalk
Roof Type Flat
Accessibility Accessible Approach with Ramp, Accessible Entrance
Garage No
Building
Lot Description Corner Lot, Landscaped
Foundation Slab
Structure Type Brick
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21327833
