501 N 3rd St - Office FOR SALE


Longview, TX 75601
$1,450,000 USD
903-736-9083
501 N 3rd St, Longview, TX for Sale
$1,450,000 USD
Office - FOR SALE
1/43
null | Request Cap Rate

Sep '26


501 N 3rd St
Longview, TX 75601


HIGHLIGHTS

  • Fully Renovated
  • Downtown Longview Arts District
  • Income Producing Opportunity
  • Existing Lease
  • Separate Office Entrances
  • Award-winning grounds (Longview Beautification Award)

OVERVIEW

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 iron doors 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 w/ 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.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$186 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

501 N. Third - Historic Downtown Office

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.38 AC

LAND SF

16,727 SF

ZONING

F1

APN/PARCEL ID

68212

ASK ABOUT THIS PROPERTY

Mindy ScottRamsey Realty GroupMore Info
903-736-9083

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Mindy ScottRamsey Realty GroupMore Info
903-736-9083

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.