Historic Office Building
For Lease
Contact for pricing
219 Central Ave NW, Albuquerque, NM 87102
2nd floor is fully improved and 7th floor is shell with utilities in a secure downtown office building.
Space Size5,220 SF
Days on Market442
Property Features for 219 Central Ave NW
General Information
Standard status
Active
Size
5,220 SF
Property subtype
RETAIL
Amenities
on-site security
key card access
attached breeze way access to parking garage
on-site coffee shop
rooftop deck
Building Details
Year Built
1921
Construction
business renaissance
Tenancy
Multi
Spaces For Lease
at 219 Central Ave NW
219 Central Ave NW
$17 – $22/SF/Yr
Floor
2
Size
5,220 SF
Type
RETAIL
Availability
AVAILABLE, Now
Sublease
No
- Originally designed by Henry Charles Trost, of El Paso’s Trost and Trost Architectural Firm, The Banque Lofts blends urban life with contemporary design while maintaining the original business renaissance style of the early 1920s.
- Completed with palladian style windows and masterfully crafted medallions and pilasters, this architectural marvel became an Albuquerque landmark in 1979.
- It became historically known as the First National Bank building.
- The Banque Lofts was Albuquerque’s first skyscraper built originally in 1921, and it’s still one of the tallest structures on the city’s famed downtown Central Ave, part of the original Route 66. Today it holds a distinguished place in the Albuquerque skyline.
- 2nd & 7th floors available for sale separately
- 2nd floor is fully improved, 7th floor is shell w/ utilities
- Exceptionally secure with on site security and key card access
- Ideally located in Albuquerque’s downtown business district, off of historic Route 66
- Attached breeze way access to adjacent 3rd Street parking garage
- On-site coffee shop Mocha Joe’s located on the ground floor
- ± 8,000 SF roof top deck with 360 degree city views and open air balconies available to all tenants
- Unique architectural features that provide an unmatched level of ambience and sophistication unlike any other building in the city
- 25 fully leased or owned residential condos in the building, along with occupied office and retail tenants (not included in the offering)
Contact us
Listing Agency:
Colliers | Albuquerque
(505) 883-7676
Listed By:
Terrie Hertweck CCIM · License #13730
(505) 228-8818
Source:
Moodyscre
Added: Jul 23, 2025
Changed: Oct 3
Last Checked: Oct 5 at 4:35PM
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 Colliers | Albuquerque
Investment Insights
Based on property information with market context.
The Banque Lofts offers office suites on the 2nd and 7th floors, with the 2nd floor fully improved and the 7th floor provided as a shell with utilities. The building is described as a historic early-1920s landmark featuring Palladian-style windows and original architectural details.
The property is located in Albuquerque’s downtown business district off historic Route 66, with attached breeze way access to an adjacent 3rd Street parking garage. On-site security and key card access are noted, and a coffee shop, Mocha Joe’s, operates on the ground floor.
Tenants have access to a rooftop deck with open-air balconies and city views. The offering also notes that residential condos and other occupied office and retail tenants are not included in the offering.
The property is located in Albuquerque’s downtown business district off historic Route 66, with attached breeze way access to an adjacent 3rd Street parking garage. On-site security and key card access are noted, and a coffee shop, Mocha Joe’s, operates on the ground floor.
Tenants have access to a rooftop deck with open-air balconies and city views. The offering also notes that residential condos and other occupied office and retail tenants are not included in the offering.
Key Highlights
- Henry C. Trost‑designed Banque Lofts, completed as a historic First National Bank building in 1979
- 2nd & 7th floors available for sale separately; 2nd floor fully improved and 7th floor shell with utilities
- Secure building with on‑site security and key card access
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
NNN (Triple Net)
Lease Type
$2.55 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
4,201
Businesses Nearby
Explore this area
Business Placement
Demographics for 87102, NM
20,610
Population
11,346
Households
1.8
Avg Household Size
38
Median Age
34%
College-Educated
83%
High-School Grad
6.5 sq mi
ZIP Area
3,171
Density / Sq Mi
$37,276
Median Household Income
$29,184
Median Earnings
$868
Median Rent
$174,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Lease Benchmarks for Albuquerque, NM
$25.78 /SF/Yr
Avg Asking Price
$1.15–$286 /SF/Yr
Price Range
20,531 SF
Avg Space Size
This space is priced 34% below the average of $25.78 /SF/Yr.
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - 2nd floor is fully improved and 7th floor is shell with utilities in a secure downtown office building.
Where is this office units located?
The property is located at 219 Central Ave NW Albuquerque, NM.
What is the lease rate?
The lease rate is $17 SF/Yr.
What are key features of this property?
This property features: Henry C. Trost‑designed Banque Lofts, completed as a historic First National Bank building in 1979; 2nd & 7th floors available for sale separately; 2nd floor fully improved and 7th floor shell with utilities; Secure building with on‑site security and key card access
