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7,800 sqft

$1,250,000

501 N Third St, Longview TX, 75602

Price per sqft$160.26
Built in1930
Property size7,800 sqft
Property typeCommercial

Overview

Active

Listed Apr 29, 2026

Updated 8 days ago

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.
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Listed by Janti Patel with Ramsey Realty Group
Listing Contact: 903-241-8955 

The IDX display contains information sourced from the Longview Area Association of REALTORS® as of 10/20/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

©2026 Longview Area Association of REALTORS® all rights reserved.

Data last updated on 10/20/2026 at 3:26 AM UTC

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