219 Central Ave NW - Apartments CONDO FOR SALE


Albuquerque, NM 87102
$1,300,000-$1,750,000 USD
505-228-8818
219 Central Ave NW, Albuquerque, NM for Sale
$1,300,000-$1,750,000 USD
Apartments CONDO - FOR SALE
1/5
8,082-9,446 SF | Request Cap Rate

219 Central Ave NW
Albuquerque, NM 87102


OVERVIEW

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 • Condominium sale - 2nd & 7th floor • Abundance of windows • All utilities, heating, and cooling included • Building’s cooling system provides cold and hot water for unit fan coils • Multifamily is highest and best use • Ideally located in Albuquerque’s downtown business district, off of historic Route 66 • ± 8,000 SF roof top deck with 360 degree city views and open air balconies available to all tenants • Exceptionally secure with on site security and key card access • Attached breeze way access to adjacent 3rd Street parking garage • Unique architectural features that provide an unmatched level of ambiance and sophistication unlike any other building in the city • 25 fully leased apartments located in the building along with occupied office and retail tenants (not included in the offering)

FOR SALE DETAILS

PRICE

$1,300,000-$1,750,000 USD

CAP RATE

Request Cap Rate

# OF UNITS

2

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sunrise Bank

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

77,833 SF

STORIES

8

BUILDING CLASS

B

YEAR BUILT

1922

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,375 SF

ZONING

MX-FB-UD

APN/PARCEL ID

1-014-057-214434-2-65-01

ASK ABOUT THIS PROPERTY

Terrie HertweckColliers New MexicoMore Info
505-228-8818

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Terrie HertweckColliers New MexicoMore Info
505-228-8818

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.