Mixed-Use Commercial
For Sale
$1,750,000
120 N 1st Street, Raton, NM 87740
COMMERCIAL - Raton, NM
Property Size15,000 SF
Price / SF$116.67
Days on Market119
Property Features for 120 N 1st Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
County
Directions
From Trinidad: Follow I-25 South, Take exit 454 toward I-25 BUS/2nd St/Raton, straight to 215 South 2nd Street to Clark Ave and take a left. One block down, see building at the corner of Clark and N First Street. From Santa Fe: NM: Get on I-25 N/US- Follow I-25 N to Raton. Take exit 451 for US-64 E/US-87 E toward Clayton/Raton, Continue north to 215 South 2nd Street and take a right on to Clark Ave. One block down, see building at the corner of Clark and N First Street. Directly across the street from the Am-Trak R/R station.
Subdivision
RATON
Standard status
Active
APN
09
Taxes and HOA fees
Tax Description
TBD/Property Legal Description: Subd: OT RATON Lot: 6 Block: 1 UPC 1135186318120 LAND 1 Subd: OT RAT
Legal Description
TBD/Property Legal Description: Subd: OT RATON Lot: 6 Block: 1 UPC 1135186318120 LAND 1 Subd: OT RAT
Building Details
Year built
1900
Listing Agency:
Engel & Voelkers Taos
(575) 776-0600
Listed By:
Wayne Massi · License #51391
(575) 613-0156
Added: May 4
Changed: Aug 19
Last Checked: Aug 30 at 2:06AM
MLS# 115136
Copyright © 2026 Enchanted Circle Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The Gamble Building offers mixed-use space including a well-equipped restaurant and service bar, plus additional retail, office, and residential areas. El Comedor includes a fully equipped kitchen and service bar, POS system, game room, office area, and an ADA-compliant restroom, and it is set up for 150+ indoor/outdoor seats. The ground floor also includes additional retail and office space, while the second story provides residential/business space, including 1 finished apartment with a history of long-term business leases. An additional entertainment ballroom is in place with refinished hardwood floors, towering ceilings with skylights, 3 offices, and 2 ADA-compliant restrooms for expansion.
Located at 120 N 1st Street in Raton, the building is situated at the hub of Raton’s 1st Street Historic Art District. The property is directly across the street from the AmTrack RxR station and across the street from the railroad.
This is a substantial, centrally positioned building designed to support multiple in-place uses and ongoing expansion.
Located at 120 N 1st Street in Raton, the building is situated at the hub of Raton’s 1st Street Historic Art District. The property is directly across the street from the AmTrack RxR station and across the street from the railroad.
This is a substantial, centrally positioned building designed to support multiple in-place uses and ongoing expansion.
Key Highlights
- Gamble Building includes 15,000 SF of commercial and residential space in Raton’s 1st Street Historic Art District
- Located directly across from the Amtrak station/railroad, in the hub of the 1st Street Historic Art District
- El Comedor: 2,000 SF restaurant and service bar with fully equipped kitchen, service bar, POS system, game room, office area, and ADA‑compliant restroom
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
1
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 87740, NM
7,138
Population
3,889
Households
1.8
Avg Household Size
48
Median Age
19%
College-Educated
89%
High-School Grad
1,306.7 sq mi
ZIP Area
5
Density / Sq Mi
$52,856
Median Household Income
$32,093
Median Earnings
$734
Median Rent
$157,000
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - A downtown mixed-use property with a fully equipped restaurant, ground-floor retail/office space, and residential units.
Where is this conventional restaurant located?
The property is located at 120 N 1st Street Raton, NM.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Gamble Building includes 15,000 SF of commercial and residential space in Raton’s 1st Street Historic Art District; Located directly across from the Amtrak station/railroad, in the hub of the 1st Street Historic Art District; El Comedor: 2,000 SF restaurant and service bar with fully equipped kitchen, service bar, POS system, game room, office area, and ADA‑compliant restroom
