Mixed-Use Building with
120 North 1st Street Raton, NM 87740
New
120 North 1st Street, Raton, NM, 87740
$1,750,000
For Sale
$1,750,000
Commercial Sale, Other - Raton, NM
Days on Market6
Property Features for 120 North 1st Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- County
- Standard status
- Active
- APN
- 09
Building Details
- Year built
- 1900
- Architectural style
- Other
Listing agency
Engel & Völkers Taos
(575) 776-0600
Listed by
Wayne Massi
(575) 613-0156
Added: Jul 17 Updated: Jul 18 at 3:02AM Checked: Jul 22 at 2:06PM
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.
Investment Insights
Based on property information with market context.
The Gamble Building is a multi-use property totaling approximately 15,000 square feet, featuring a well-equipped restaurant and service bar plus additional commercial and residential components. The restaurant space includes a fully equipped kitchen, service bar, POS system, game room, office area, and an ADA-compliant restroom, and is described as supporting indoor/outdoor seating with a capacity of 150+. The ground floor also includes approximately 8,000 square feet of retail and office space. The second story provides approximately 10,000 square feet of residential/business space, including one finished apartment with a history of long-term business leases. An additional approximately 3,000+ square foot Entertainment Ballroom with refinished hardwood floors, towering ceilings with skylights, three offices, and two ADA-compliant restrooms is in place for expansion.
The building is located in downtown Raton at the hub of the 1st Street Historic Art District, directly across the street from the AmTrack RxR station.
This property combines multiple income-oriented uses under one ownership, with substantial space available for continued retail, office, residential, and event-related programming.
The building is located in downtown Raton at the hub of the 1st Street Historic Art District, directly across the street from the AmTrack RxR station.
This property combines multiple income-oriented uses under one ownership, with substantial space available for continued retail, office, residential, and event-related programming.
Key Highlights
- 15,000 SF Gamble Building with mixed commercial and residential space
- Across from the Amtrak/rail station at the hub of Raton’s 1st Street Historic Art District
- Includes a 2,000 SF restaurant and service bar (El Comedor) with fully equipped kitchen and POS system
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Conventional restaurants
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Gamble Building offers restaurant, retail/office, residential space, and an entertainment ballroom in Raton’s Historic Art District.
Where is this conventional restaurant 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: 15,000 SF Gamble Building with mixed commercial and residential space; Across from the Amtrak/rail station at the hub of Raton’s 1st Street Historic Art District; Includes a 2,000 SF restaurant and service bar (El Comedor) with fully equipped kitchen and POS system
