For Sale
$1,300,000

219 Central AveAlbuquerque, NM 87102

Historic Downtown Apartment Building

Overview

Added:
Dec 11, 2024
Days on market:
118
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.

Highlights

  • 7th-floor condominium for sale.
  • Abundant natural light.
  • All utilities included.
  • Building provides hot and cold water to unit fan coils.
  • Highest and best use is multifamily.
  • Prime downtown Albuquerque location near historic Route 66.

Property Details for 219 Central Ave

Property type
Apartment buildings
Square Feet
8,082 SF
Year Built
1921
Buildings
1
Stories
8

Location Insight

City
Albuquerque
County
Bernalillo
State
New Mexico
Latitude
35.0847091
Longitude
-106.6501768
219 Central Ave, Albuquerque, New Mexico

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219 Central Ave
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