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Two-Suite Office Building

501 N Third St, Longview, TX 75602

For Sale
$1,250,000

COMMERCIAL, Longview, TX

Property SizeContact for details
Days on Market205

Property Features for 501 N Third St

General Information

Property type Commercial Sale
Property subtype Office
Lot features Landscaped, Lighted Parking, Security Parking, Sprinklered
Directions From McCann Rd/Spur 63 and Hwy 80/Marshall Ave - go east on Marshall Ave to Third St - just before Christus Good Shepherd Hospital, turn right on Third St (south). Property is on the right on the corner. Road frontage on both Third St and Magrill.
Subdivision LGV ISD 113
Standard status Active

Amenities

reception area
conference room
kitchen/workroom
private bathroom with shower

Building Details

Year built 1930
Floors in Building 1
Number of units 2
Building materials Brick
Roof type Flat
Listing Agency: Ramsey Realty Group
Listed By: Janti Patel · License TX #0702321
Added: Apr 23 Changed: Oct 20 Last Checked: Nov 13 at 11:06AM
MLS# 20263011

Copyright © 2026 Longview Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

This 1930 brick office building contains nearly 8,000 square feet arranged as two independently accessed suites. The larger space, entered from N. Third Street, is approximately 5,000 square feet and includes a reception area, an executive office with a private bathroom and shower, five more offices, a conference room, a kitchen/workroom, and two additional bathrooms. Polished concrete floors, exposed brick, and custom iron doors contribute to the building’s architectural character. The approximately 2,800-square-foot suite has an E. Magrill Street entrance, private lobby, conference room, kitchen/workspace, four offices, and a bathroom; it is currently leased under a three-year lease.

The property stands in downtown Longview’s Arts District, amid revitalized downtown offices. Its layout provides two separate office suites within a single building, with conference and workspace areas in each.

Key Highlights

  • Nearly 8,000 square feet in a 1930 brick office building
  • Two office suites with separate entrances on N. Third Street and E. Magrill Street
  • Main suite: approximately 5,000 square feet, five additional offices, executive office, conference room, and kitchen/workroom

Property Analytics

Who owns this building? See the owner, sales and loan history
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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
Multi-tenant
Tenancy

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Office buildings in Longview, TX

$157 Jul
$127 Aug
$146 Sep
$146 Oct

Properties on Market for Office buildings in Longview

Jul
Aug
Sep
Oct

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 serve two office suites, each with its own conference room and kitchen or workspace.
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: Nearly 8,000 square feet in a 1930 brick office building; Two office suites with separate entrances on N. Third Street and E. Magrill Street; Main suite: approximately 5,000 square feet, five additional offices, executive office, conference room, and kitchen/workroom
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