Historic Mixed-Use Building with
For Sale
$750,000
244 South 1st Street, Raton, NM 87740
Raton, NM
Property Size7,500 SF
Price / SF$100
Days on Market45
Property Features for 244 South 1st Street
General Information
Property type
Residential
Property subtype
Retail
Standard status
Active
Amenities
fireplace
pellet stove
pool room
Building Details
Year built
1908
Listing Agency:
Engel & Volkers Taos · Engel & Völkers
(575) 776-0600
Listed By:
Keith Dowell · License #16067
Added: Jul 17
Changed: Aug 19
Last Checked: Aug 30 at 2:06AM
MLS# 115135
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.
Located at 244 South 1st Street in Raton, this 7,500-square-foot mixed-use property combines a restaurant improvement with three furnished apartments on the second floor. The restaurant includes a dining room, service bar, pizza oven, pool room, fireplace, pellet stove, two ADA-compliant bathrooms, a fenced front patio, and a large rear yard. Kitchen equipment includes a new stove/oven, new 48-inch griddle, freezer, reach-in refrigerator, refrigerated worktable, walk-in storage, and commercial dishwasher. A POS system is also included.
Built in 1908, the property features turn-of-the-century brick construction, 14-foot pressed-tin ceilings, and wood floors. It is situated in Raton’s Historic District, across from the railroad, with views toward Johnson Mesa. The restaurant accommodates 150+ seats, while the upstairs apartments have long-term monthly leases according to the property information.
Built in 1908, the property features turn-of-the-century brick construction, 14-foot pressed-tin ceilings, and wood floors. It is situated in Raton’s Historic District, across from the railroad, with views toward Johnson Mesa. The restaurant accommodates 150+ seats, while the upstairs apartments have long-term monthly leases according to the property information.
Key Highlights
- 7,500 square feet of mixed‑use space with a restaurant and three furnished second‑floor apartments
- Restaurant setup includes dining room, service bar, pizza oven, POS system, and commercial kitchen equipment
- 150+ seating capacity with fenced front patio and large rear yard
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
3
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
404
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 Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Turn-of-the-century brick property combines a restaurant layout with furnished residential units in downtown Raton.
Where is this mixed-use property located?
The property is located at 244 South 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: 7,500 square feet of mixed‑use space with a restaurant and three furnished second‑floor apartments; Restaurant setup includes dining room, service bar, pizza oven, POS system, and commercial kitchen equipment; 150+ seating capacity with fenced front patio and large rear yard
