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Mixed-Use Property with Motel
For Sale
$875,000

1342 S 2nd Street, Raton, NM 87740

The 2.35-acre parcel brings together lodging, restaurant, residential, warehouse, and vacant-land components.

Property Size19,544 SF
Lot Size2.35 Acres
Price / SF$44.77
Days on Market10

Property Features for 1342 S 2nd Street

General Information

Standard status Active
Size 19,544 SF
Lot size 2.35 Acres
Zoning R-1

Additional Details

Highway Access Yes
Equipment Included Yes

Taxes and HOA fees

Annual Taxes $5,262

Amenities

true
1
10
2.35
Public Records
Guest
19544

Building Details

Building Size 19,544 SF
Stories 1
Listing Agency: Keller Williams Realty
Listed By: Brendon Baca
Source: Homeauthority
Added: Oct 21 Changed: Oct 28 Last Checked: Oct 28 at 2:46PM

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 Keller Williams Realty

Rey
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Investment Insights

Based on property information with market context.

This mixed-use property in Raton includes a 23-room motel with an attached restaurant, a single-family residence, and a habitable manufactured home. A separate building is identified for manufacturing or warehouse use, and vacant land is also part of the property. The site totals 2.35 acres and carries R-1 zoning.

The motel and restaurant are connected, while the other improvements are separately described. The mix of lodging, residential space, a freestanding commercial building, and undeveloped land defines the property's existing configuration.

Key Highlights

  • 23‑room motel with attached restaurant
  • 2.35‑acre property in Raton, New Mexico
  • Includes a single‑family residence and habitable manufactured home

Property Analytics

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Current Use

Motels

Suggested Use

Top Pick Parking Lot & Garage Real Estate Agency Big Box & Wholesale Store Building Supply Bakery Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

180
Businesses Nearby
18k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 85% Dining 15%
Loaf 'N Jug Shops & Services
6,918 visits/mo 0.2 miles
Dollar Tree Shops & Services
5,613 visits/mo 0.2 miles
Domino's Pizza Dining
2,667 visits/mo 0.5 miles
O'Reilly Auto Parts Shops & Services
1,778 visits/mo 0.4 miles
AutoZone Shops & Services
1,210 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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The 2.35-acre parcel brings together lodging, restaurant, residential, warehouse, and vacant-land components.
Where is this mixed-use property located?
The property is located at 1342 S 2nd Street Raton, NM.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 23‑room motel with attached restaurant; 2.35‑acre property in Raton, New Mexico; Includes a single‑family residence and habitable manufactured home
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