Big Box Retail Reposition
1235 S 2nd St Raton, NM 87740
1235 S 2nd St, Raton, NM, 87740
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For Sale
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Former Kmart big-box retail property built in 1978, located along South 2nd Street just off I-25.
Days on Market104
Property Features for 1235 S 2nd St
General Information
- Standard status
- Active
- Property subtype
- Retail, Industrial, Land, Mixed Use
Listing agency
Absolute Investment Realty LLC
(505) 346-6006
Listed by
Alfredo Barrenechea · License #NM 19300
Source
Crexi
Added: Apr 10 Updated: Jul 22 at 1:34PM Checked: Jul 22 at 1:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Absolute Investment Realty LLC
Investment Insights
Based on property information with market context.
This big-box retail property was originally built in 1978 for Kmart and has been leased and operated by Kmart since construction. The offering materials note Kmart renewed its lease through 05/31/2021, and the property later became available following Kmart’s departure.
The asset is located along South 2nd Street just off I-25 in Raton, New Mexico. South 2nd Street is described as a primary retail corridor with access from throughout town and Interstate 25.
According to the offering, the location is the only big-box retail presence in the local trade area, supported by signage, parking, and access features intended to support future retail leasing or sale. The materials also cite a listed price of $21.00 per square foot and include a scenario showing annual rent of $161,000 at $4.00/SF/year, with a 19% capitalization rate if re-leased at that level.
The asset is located along South 2nd Street just off I-25 in Raton, New Mexico. South 2nd Street is described as a primary retail corridor with access from throughout town and Interstate 25.
According to the offering, the location is the only big-box retail presence in the local trade area, supported by signage, parking, and access features intended to support future retail leasing or sale. The materials also cite a listed price of $21.00 per square foot and include a scenario showing annual rent of $161,000 at $4.00/SF/year, with a 19% capitalization rate if re-leased at that level.
Key Highlights
- Former Kmart big‑box retail property built in 1978
- Located along South 2nd Street just off I‑25 in Raton, New Mexico
- Kmart/Sears Holding renewed its lease through 05/31/2021, showing long‑term retail use
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Former Kmart big-box retail property built in 1978, located along South 2nd Street just off I-25.
Where is this retail space located?
The property is located at 1235 S 2nd St Raton, NM.
What are key features of this property?
This property features: Former Kmart big‑box retail property built in 1978; Located along South 2nd Street just off I‑25 in Raton, New Mexico; Kmart/Sears Holding renewed its lease through 05/31/2021, showing long‑term retail use
