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Harrison Lilly

| Harrison Lilly Realty Dallas | Harrison Lilly Realty | PLACE

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501 N Third St , Longview, TX 75602
$1,250,000
Est. Payment: $6,435.54/mo
0 Bed
0 Bath
7800 Sqft
Status: active | Days on site: 45
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VCR-C15903466 - VCR-C159091383,VCR-C159052275
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House 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.

Highlights

Listed by Janti Patel , Ramsey Realty Group , North Texas Real Estate Information Systems

Property Type

Commercial Sale

Lot/Acreage
0.38

Year Built

1930

County

Gregg

Neighborhood

S7050 - Texas Land Company

Listing ID

21327833

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Air Cond:Central Air,Electric
Fireplaces:
Floor:Concrete

Exterior Features

Lot:Corner Lot,Landscaped,Less Than .5 Acre (not Zero)
Zoning:Commercial
Roof:Flat
Others:
  • Additional:Preowned
Parking Features:Lighted,Parking Lot,Secured
Principal Interest
$6,436
Taxes
$797

Home Price

$1,250,000

Loan Details

30 yrs
6.674%

Down Payment

20%
$250,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,435.54

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,435.54 $796.88 $0.00 $7,232.42
Yearly $77,226.51 $9,562.50 $0.00 $86,789.01
Total $2,316,795.43 $286,875.00 $0.00 $2,603,670.43

Today's Rates

30 Year

6.67%

20 Year

6.37%

15 Year

5.93%

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Market insight data is pulled from the same city as the listing being viewed (Longview, TX).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by North Texas Real Estate Information Systems Multiple Listing Service, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-08-24T21:21:41.390Z

© 2026 North Texas Real Estate Information Systems