Historic Mixed-Use
For Sale
$1,750,000
120 N 1st Street, Raton, NM 87740
CommercialSale, Raton, NM
Property SizeContact for details
Days on Market124
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: Sep 2
Last Checked: Sep 4 at 8:06AM
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 is a mixed-use commercial property with approximately 15,000 square feet in a downtown historic district. The property includes a 2,000-square-foot restaurant and service bar with a fully equipped kitchen, point-of-sale system, game room, office, and ADA-compliant restroom. The restaurant accommodates more than 150 indoor and outdoor seats. Additional improvements include retail and office areas, residential/business space, a finished apartment, and an entertainment ballroom with refinished hardwood floors, high ceilings, skylights, three offices, and two ADA-compliant restrooms.
Located at 120 N 1st Street in Raton, the building sits within the city’s 1st Street Historic Art District and directly across from the railroad station. The property’s 1900 construction date and combination of commercial, residential, and entertainment uses create a substantial historic-district presence with multiple existing components.
Located at 120 N 1st Street in Raton, the building sits within the city’s 1st Street Historic Art District and directly across from the railroad station. The property’s 1900 construction date and combination of commercial, residential, and entertainment uses create a substantial historic-district presence with multiple existing components.
Key Highlights
- Approximately 15,000 square feet in Raton’s 1st Street Historic Art District
- 2,000‑square‑foot restaurant with fully equipped kitchen, service bar, POS system, and game room
- 150+ indoor/outdoor seating capacity
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
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 retail, office, restaurant, entertainment, and residential components in a central historic district setting.
Where is this mixed-use property 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: Approximately 15,000 square feet in Raton’s 1st Street Historic Art District; 2,000‑square‑foot restaurant with fully equipped kitchen, service bar, POS system, and game room; 150+ indoor/outdoor seating capacity
