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Days105Days on Market
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$1,550,000

500 E Magrill Street, Longview, TX, 75601

On MarketInfo
CommercialInfo
Baths0 Bath
Baths30,894 Sq Ft
OfficeOffice
Year BuiltBuilt in 1962

Highlights

Interior

Bathrooms 0Bathrooms 0
FlooringCarpet, Linoleum

Exterior

Lot Size3.58 acres

Building Information

Year Built1930
Stories2

Land Information

APN7050000034-001-00-02
SubdivisionTexas Land Company
Land UseCommercial
Legal DescriptionLTS 1 THRU 5 BLK 34 (NCB 91) TEXAS LAND CO & LTS 8 THRU 10 NCB 91 MCNUTT ACREAGE
Census Tract001100
Assessed Land Value$350,760
Assessed Improvement Value$997,850
Assessment Year2025

About this property

Rare opportunity to own a full school campus in the heart of Downtown Longview, Texas. Formerly the Math & Science building for Longview ISD, this property includes a two-story main building offering 30,000+ SF of instructional, administrative, and specialty-use space, plus a secondary 4,200 SF technology building—together spanning approximately 3.89 acres, nearly an entire city block. The main structure features multiple classrooms, vintage lockers, an original cafeteria and food lab, wide hallways, cinder-block construction, and flexible floor plans ideal for redevelopment. With ample land for parking, outdoor space, or future expansion, this property is perfectly suited for educational use, creative workspace, offices, nonprofit operations, adaptive reuse, or long-term redevelopment. Buildings are offered as-is, presenting a rare chance to customize a solid, established campus in a prime Longview location.

Investor Tools

$0Estimated Mortgage Balance
$1,348,610Estimated Equity
100% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$9,300 /month
Positive
Cash Flow Estimate:
$3,100 /month

Interested in this property?

Julie Woods

Julie Woods & Associate RE Fir

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$562/month
No HOA
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
N/A
$1,348,610
2025
$350,760
$997,850
$1,348,610
No

Tax History

Year
Tax Paid
Assessed Value
2024
N/A
$1,348,610

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
N/A
$1,348,610
100%
0%
$0/mo

Learn About the Market: Opportunity in Texas

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Explore

Texas

Living in Texas means access to four of the nation’s most dynamic metro economies — Dallas–Fort Worth’s corporate and logistics powerhouse, Houston’s global energy and medical hub, Austin’s tech-driven and culturally iconic Live Music Capital of the World, and San Antonio’s historic yet steadily expanding military and healthcare center. The state blends economic scale with cultural significance, rooted in independence, entrepreneurship, and a strong sense of place — from Friday night football to world-renowned barbecue and music festivals. For homebuyers, Texas offers comparatively attainable housing, no personal income tax, and master-planned communities built around space and convenience; for investors, continued population growth, business relocation, and diversified industries create sustained demand across urban cores, suburbs, and emerging secondary markets.

Explore Texas Explore This Area
Population Growth

Population Growth

~1.3% annually

Net Migration

Net Migration

Positive

Median Home Price

Median Home Price

$283,800

Unemployment Rate

Unemployment Rate

4.3%

Price Trend

Price Trend

Flat

New Permits

New Permits

158,121

City: Longview

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500 E Magrill Street | Property Details | No Agent List