219 Central Ave Albuquerque, NM 87102

Property Details for 219 Central Ave

Year built

1923

Lot size

0.33 lot acres

Property type

Office Properties & Spaces

APN

1-014-057-214-434-2-65-01

APU

101405721443426501

Description

This exceptional 8,082 square foot condominium, located on the 7th floor of the iconic Banque Lofts building at 219 Central Ave NW in Albuquerque, New Mexico, presents a unique investment opportunity. Originally constructed in 1921 and designed by the renowned Trost and Trost Architectural Firm, this landmark building boasts stunning architectural details including Palladian windows and intricate medallions and pilasters. The unit is part of a multifamily building, currently zoned MX-FB-UD, and offers an abundance of natural light. All utilities, heating, and cooling are included, with the building's system providing hot and cold water for unit fan coils. The building features an approximately 8,000 square foot rooftop deck with 360-degree city views and open-air balconies accessible to all tenants. Security is exceptional, with on-site security and key card access. Convenient access to a nearby parking garage is provided via an attached breezeway. This property is ideally situated in Albuquerque's vibrant downtown business district, directly off historic Route 66. While 25 apartments within the building are currently leased, along with occupied office and retail spaces, this offering is specifically for the 7th-floor condominium. The asking price is $1,300,000, translating to $160.85 per square foot. This is a rare chance to own a piece of Albuquerque history and a highly desirable multifamily asset in a prime location.

Location Insight

City

Albuquerque

County

Bernalillo

State

New Mexico

Longitude

-106.65

Latitude

35.0847

CBSA code

10740

CBSA name

ALBUQUERQUE, NM METROPOLITAN STATISTICAL AREA

Property Tax & Assessments