Historic Mixed-Use
For Sale
$1,750,000
120 North 1st Street, Raton, NM 87740
Raton, NM
Property Size15,000 SF
Price / SF$116.67
Days on Market45
Property Features for 120 North 1st Street
General Information
Property type
Residential
Property subtype
Retail
Standard status
Active
Building Details
Year built
1900
Listing Agency:
Engel & Volkers Taos · Engel & Völkers
(575) 776-0600
Listed By:
Wayne Massi · License #51391
Added: Jul 17
Changed: Aug 19
Last Checked: Aug 30 at 2:06AM
MLS# 115136
Copyright © 2026 Engel & Völkers. 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 is a mixed-use property with a 2,000-square-foot restaurant and service bar, fully equipped kitchen, POS system, game room, office area, and ADA-compliant restroom. The restaurant layout supports more than 150 indoor and outdoor seats. The property also includes retail and office areas, one finished apartment, and an entertainment ballroom with refinished hardwood floors, skylights, three offices, and two ADA-compliant restrooms.
Located at 120 North 1st Street in Raton, the building sits within the 1st Street Historic Art District and across from the Amtrak railroad station. Built in 1900, the property offers a combination of commercial, residential, and event-oriented space in a downtown setting.
Located at 120 North 1st Street in Raton, the building sits within the 1st Street Historic Art District and across from the Amtrak railroad station. Built in 1900, the property offers a combination of commercial, residential, and event-oriented space in a downtown setting.
Key Highlights
- 2,000‑square‑foot restaurant with service bar and fully equipped kitchen
- 150+ indoor/outdoor seating capacity
- Entertainment ballroom with refinished hardwood floors and skylights
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
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?
Mixed-use property - Downtown property combines restaurant, retail, office, residential, and event-space components within a recognized historic district.
Where is this mixed-use property located?
The property is located at 120 North 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: 2,000‑square‑foot restaurant with service bar and fully equipped kitchen; 150+ indoor/outdoor seating capacity; Entertainment ballroom with refinished hardwood floors and skylights
