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Historic Two-Suite Office Building
For Sale
$1,250,000

501 N Third St, Longview, TX 75602

Separate entrances support flexible occupancy and multi-tenant use.

Property Size7,800 SF
Price / SF$160.26
Days on Market86

Property Features for 501 N Third St

General Information

Standard status Active
Size 7,800 SF

Additional Details

Office Units 2

Building Details

Year Built 1930
Owner Occupied Yes
Listing Agency: Ramsey Realty Group
Listed By: Janti Patel · License #0702321
Source: Yourdavisteam
Added: Jul 23 Changed: Oct 7 Last Checked: Oct 7 at 3:33PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Ramsey Realty Group

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Investment Insights

Based on property information with market context.

Built in 1930, this approximately 7,800-square-foot office building combines former library character with a contemporary industrial interior. Polished concrete floors, exposed brick, custom iron doors, and an oversized conference room add distinctive architectural detail. The property is arranged as two office suites with separate entrances, allowing the spaces to function independently or be combined.

The main suite, accessed from N. Third Street, measures approximately 5,000 square feet and includes an executive office with a private bath and shower, kitchen, workroom, conference room, lobby, two additional bathrooms, and five offices. The approximately 2,800-square-foot suite entered from E. Magrill Street offers a lobby, conference room, kitchen, workspace, bathroom, and four offices. The building is located in downtown Longview’s arts district and includes sidewalks and electric service.

Key Highlights

  • Approximately 7,800 SF office building on a downtown Longview arts district property
  • Two independently accessed office suites with separate entrances
  • Main suite includes approximately 5,000 sqft, executive office with private bath and shower, kitchen, workroom, and conference room

Property Analytics

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Current Use

Matthew Hill Law, ... Law Firm Alt Behavioral Learning ... High School Cooper Law Firm ... Law Firm The Cooper Law Firm Law Firm Cooper Law Firm Law Firm

Suggested Use

Top Pick Locksmith (Bike/Boat/Book/etc) Store Carpet & Flooring Store Parking Lot & Garage Tanning Salon Pet Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Office units

Location Intelligence

Trade Area within ½ mile

2,039
Businesses Nearby

Demographics for 75602, TX

22,041
Population
8,131
Households
2.7
Avg Household Size
33
Median Age
14%
College-Educated
79%
High-School Grad
51.9 sq mi
ZIP Area
425
Density / Sq Mi
$56,659
Median Household Income
$30,199
Median Earnings
$970
Median Rent
$122,700
Median Home Value
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Market

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025

Frequently Asked Questions

What type of property is this?
Office building - Separate entrances support flexible occupancy and multi-tenant use.
Where is this office building located?
The property is located at 501 N Third St Longview, TX.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Approximately 7,800 SF office building on a downtown Longview arts district property; Two independently accessed office suites with separate entrances; Main suite includes approximately 5,000 sqft, executive office with private bath and shower, kitchen, workroom, and conference room
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