Restaurant and Triplex
For Sale
$750,000
244 S 1st Street, Raton, NM 87740
COMMERCIAL - Raton, NM
Property Size7,500 SF
Price / SF$100
Days on Market119
Property Features for 244 S 1st Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Highway Corrido
Security features
Security
Exterior features
Landscaping, SecurityLighting
Directions
From Las Vagas, NM north on I-25 and exit on Clayton Street. Go left/west on Clayton .5 miles to Second Street and go Right. Continue north 2.25 miles and go left on Cook Street, down to the corner of 1st and Cook Street. The Palace Hotel will be on the right. Streets. From Trinidad, CO, south on I-25, and take exit to S Second Street. Continue south 1.5 miles and go right on Cook Street, to the corner of 1st and Cook Street. The Palace Hotel is on the right.
Subdivision
RATON
Standard status
Active
Taxes and HOA fees
Tax Description
Subd: OT RATON Lot: 1 Block: 9 UPC 1135186301019 LAND 1 Subd: OT RATON Lot: 2 Block: 9 UPC 11351863
Legal Description
Subd: OT RATON Lot: 1 Block: 9 UPC 1135186301019 LAND 1 Subd: OT RATON Lot: 2 Block: 9 UPC 11351863
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Ceiling Fan(s)
Water source
Public
Building Details
Year built
1908
Floors in Building
2
Building materials
Masonry, MetalSiding
Roof type
Flat
Listing Agency:
Engel & Voelkers Taos
(575) 776-0600
Listed By:
Keith Dowell · License #16067
(575) 741-1155
Added: May 4
Changed: Aug 19
Last Checked: Aug 30 at 2:06AM
MLS# 115135
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.
A turn-of-the-century brick building operating as a restaurant with triplex-style residential space. The main level includes a front of the house dining room with a service bar, pizza oven, and POS system. The back of the house kitchen is equipped with a new stove/oven, new 48" griddle, freezer, reach-in, refrigerated worktable for pizza and sub toppings, a large walk-in, and a commercial dishwasher, all described as approved. Additional amenities listed include a fireplace, pellet stove, and pool room, along with two ADA compliant bathrooms. The second floor has three fully furnished apartments with long-term monthly leases.
The property spans 7,500 square feet and is across the street from the railroad. It is described as part of Raton’s Historic 1st Street Art District, with views of Johnson Mesa mentioned. The offering includes a fenced front patio and a large back yard for outdoor dining, and a listed 150+ seating capacity.
With wood floors throughout and 14' high pressed tin ceilings, the building’s character is reflected in the existing interior finishes and layout supporting both restaurant operations and upstairs rental units.
The property spans 7,500 square feet and is across the street from the railroad. It is described as part of Raton’s Historic 1st Street Art District, with views of Johnson Mesa mentioned. The offering includes a fenced front patio and a large back yard for outdoor dining, and a listed 150+ seating capacity.
With wood floors throughout and 14' high pressed tin ceilings, the building’s character is reflected in the existing interior finishes and layout supporting both restaurant operations and upstairs rental units.
Key Highlights
- Historic Santa Fe Cafe restaurant and triplex on 7,500 SF, with the front dining room and service bar
- 150+ seating capacity plus fenced front patio and a large back yard for outdoor dining
- Back‑of‑house includes a new stove/oven, 48" griddle, freezer, reach‑in, refrigerated worktable, large walk‑in, and commercial dishwasher (all approved)
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
3
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
404
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 Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Brick restaurant with a front dining room, pizza oven and POS, plus three furnished apartments on the second floor.
Where is this conventional restaurant located?
The property is located at 244 S 1st Street Raton, NM.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: Historic Santa Fe Cafe restaurant and triplex on 7,500 SF, with the front dining room and service bar; 150+ seating capacity plus fenced front patio and a large back yard for outdoor dining; Back‑of‑house includes a new stove/oven, 48" griddle, freezer, reach‑in, refrigerated worktable, large walk‑in, and commercial dishwasher (all approved)
