Mixed-Use Building with
For Sale
$1,750,000
120 North 1st Street, Raton, NM 87740
Raton, NM
Property Size15,000 SF
Price / SF$116.67
Days on Market95
Property Features for 120 North 1st Street
General Information
Property type
Commercial Sale
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
Added: Jul 18
Changed: Oct 15
Last Checked: Oct 20 at 1:06PM
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.
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Investment Insights
Based on property information with market context.
The two-story Gamble Building combines commercial and residential space at 120 North 1st Street in Raton. Its ground floor includes a restaurant with a fully equipped kitchen, service bar, POS system, game room, office area, and an ADA-compliant restroom, along with additional retail and office space. The second story includes residential and business space, with one finished apartment. A ballroom features refinished hardwood floors, high ceilings, skylights, three offices, and two ADA-compliant restrooms.
The property is in Raton’s 1st Street Historic Art District, across the street from the railroad station. The building dates to 1900. The source describes a history of long-term business leases for the apartment; no lease terms are specified.
The property is in Raton’s 1st Street Historic Art District, across the street from the railroad station. The building dates to 1900. The source describes a history of long-term business leases for the apartment; no lease terms are specified.
Key Highlights
- 2,000 square foot restaurant with fully equipped kitchen, service bar, POS system, game room, and office area
- Restaurant accommodates 150+ indoor/outdoor seats
- 8,000 square feet of ground‑floor retail and office space
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Phil Long Ford of Raton
Shops & Services
1,345 visits/mo
0.1 miles
Carquest Auto Parts
Shops & Services
999 visits/mo
0.2 miles
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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant, retail, office, and residential spaces are arranged across two stories in Raton’s 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 fully equipped kitchen, service bar, POS system, game room, and office area; Restaurant accommodates 150+ indoor/outdoor seats; 8,000 square feet of ground‑floor retail and office space
