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Phoenix & Southwest  + New Mexico  + Office  | 
Albuquerque's Bank of the West tower to be auctioned off

Once Albuquerque’s Tallest Tower, Up for Auction

An Albuquerque landmark, the former Bank of the West Tower, is up for auction.

The 17-story, 163,000-square-foot office building is located at 5301 Central Ave. NE, at San Mateo. Anthony Johnson of Pegasus Group LLC, is the broker. 

Albuquerque Business First reports the auction on the vacant building is set to begin on October 30 with a starting bid of $900,000. In 2023, the property was renovated and is now equipped with four elevators and a 660-space parking lot, according to the listing.

At the time of its construction in the early 1960s, the building was the tallest in the Duke City. The tower, built by the Del Webb Corp., was named after Bank of the West when the company moved into the space in 2001. In 2012, the firm moved out of the tower.

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About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.