501 N Third St Longview, TX 75602

Located in the heart of downtown Longview, specifically in the vibrant arts district, this building offers an exceptional investment and owner-user opportunity. The property features nearly 8,000 sq ft of fully renovated, income-producing office space. Formerly a library that was part of the original downtown Longview ISD campus, this property blends historic character with modern industrial design, including polished concrete floors, exposed brick walls, and custom iron doors that open to an oversized conference room. The building is configured as two separate office suites with individual entrances. Each side offers 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 is on N. Third Street and 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 sqft. The leased space entrance is on E. Magrill Street and includes a lobby, conference room, kitchen/workspace, bathroom, and four offices, totaling approximately 2,800 sqft. The leased space is currently leased 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.