Historic Downtown Office
For Lease
Contact for pricing
219 Central Ave NW, Albuquerque, NM 87102
Available space includes a fully improved floor and a shell floor with utilities.
Space Size5,244 SF
Days on Market442
Property Features for 219 Central Ave NW
General Information
Standard status
Active
Size
5,244 SF
Property subtype
RETAIL
Lease Type
Modified Gross
Spaces For Lease
at 219 Central Ave NW
219 Central Ave NW
$18/SF/Yr
Floor
Mezz
Size
5,244 SF
Type
RETAIL
Lease Type
MODIFIED_GROSS
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 9:16PM
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 5,244 square feet of office space within a historic downtown building originally completed in 1921 and designed by Henry Charles Trost of Trost and Trost Architectural Firm. The 2nd floor is fully improved, while the 7th floor is a shell with utilities. Palladian-style windows, medallions, pilasters, and other original architectural elements contribute to the building’s character.
The property is located in Albuquerque’s downtown business district along Central Avenue, part of the original Route 66. On-site security and key card access support controlled entry. Tenants have attached breezeway access to the adjacent 3rd Street parking garage, a ground-floor coffee shop, and an approximately 8,000 SF rooftop deck with 360-degree city views and open-air balconies. The building also includes occupied office and retail tenants and 25 fully leased or owned residential condos, which are not included in the offering.
The property is located in Albuquerque’s downtown business district along Central Avenue, part of the original Route 66. On-site security and key card access support controlled entry. Tenants have attached breezeway access to the adjacent 3rd Street parking garage, a ground-floor coffee shop, and an approximately 8,000 SF rooftop deck with 360-degree city views and open-air balconies. The building also includes occupied office and retail tenants and 25 fully leased or owned residential condos, which are not included in the offering.
Key Highlights
- 5,244 SF of office space in the Banque Lofts
- 2nd floor fully improved; 7th floor shell with utilities
- Originally completed in 1921 and designed by Henry Charles Trost
Property Analytics
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Open Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$2.70 /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
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Cap Rate, Value Estimation, Potential NOI and more
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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 30% below the average of $25.78 /SF/Yr.
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Office units - Available space includes a fully improved floor and a shell floor with utilities.
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 $18 SF/Yr.
What are key features of this property?
This property features: 5,244 SF of office space in the Banque Lofts; 2nd floor fully improved; 7th floor shell with utilities; Originally completed in 1921 and designed by Henry Charles Trost
