501 N Third St, Longview, TX 75602

Located in the heart of downtown Longview, within the vibrant arts district, this commercial building presents an exceptional investment and owner-user opportunity. The property, formerly a library that was part of the original downtown Longview ISD campus, blends historic character with modern industrial design, featuring polished concrete floors, exposed brick walls, and custom iron doors that open to an oversized conference room. The building offers nearly 8,000 square feet of fully renovated, income-producing office space. Configured as two separate office suites with individual entrances, each side includes its own lobby, conference room, kitchen/workspace, and private offices, making it ideal for an owner-user, investor, or multi-tenant setup. The existing leased space provides immediate income with additional upside potential. The main building entrance on N. Third Street includes an owner's office with a private bath, kitchen/workroom, conference room, lobby, two additional bathrooms, and five additional offices, totaling approximately 5,000 square feet. The leased space entrance on E. Magrill Street features a lobby, conference room, kitchen/workspace, bathroom, and four offices, totaling approximately 2,800 square feet. The leased space is currently rented at $2,800 per month on a three-year term, providing immediate and stable cash flow. Highlights include a spacious executive office with a private en-suite bath and shower, a large reception area, multiple oversized offices, and flexible layout options to expand, reconfigure, or convert back to a single flagship office space. The property has award-winning grounds and is surrounded by revitalized office properties.