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Mixed-Use Building with Retail Space
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137 Cook Avenue, Raton, NM 87740

Main floor retail hall with pressed tin ceilings, plus two upstairs 1-bedroom apartments with separate street-side access.

Property Size2,600 SF
Price / SF$34.42
Days on Market211

Property Features for 137 Cook Avenue

General Information

Standard status Active
Size 2,600 SF
Property subtype Retail, Multifamily, Mixed Use
Zoning Central Business District

Additional Details

Multifamily Units 2

Building Details

Year Built 1974
Units 3
Listing Agency: Home Associates, Inc
Listed By: Pamela Seneff · License #12627
Source: Crexi
Added: Feb 9 Changed: Aug 8 Last Checked: Jul 23 at 4:03PM

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 Home Associates, Inc

Investment Insights

Based on property information with market context.

Located at 137 Cook Avenue in Raton, NM, this mixed-use building includes a main floor retail area and two upstairs apartments. The main level features an open-concept hall with ornate pressed tin ceilings, original woodwork, and heat provided by a natural gas suspended forced-air unit. Hardwood floors are reported to be under the carpet, and the space has been vacant for quite some time.

Upstairs units are accessible from a separate street-side entrance and include two 1-bedroom, 1-bath apartments, each with a kitchenette and living room. Large windows provide natural light to both units. The apartments are heated by a hot water boiler system, and some areas upstairs show water damage attributed to roof failure, which will require repair.

Overall, the property presents a straightforward mixed-use layout with retail space on the main floor and residential units above, supported by separate entrances for the upstairs apartments.

Key Highlights

  • Year built 1974 commercial property with main floor retail hall and two upstairs 1‑bedroom apartments
  • Main floor features an open‑concept hall with ornate pressed tin ceilings and original woodwork
  • Heat on the main floor provided by a natural gas suspended forced‑air unit; hardwood floors are under the carpet

Property Analytics

Current Use

Duplexes

Suggested Use

Top Pick Dental Office Real Estate Agency Law Firm Pharmacy Big Box & Wholesale Store Electrical Service

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

2
Residential units

Location Intelligence

Trade Area within ½ mile

396
Businesses Nearby

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 Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Main floor retail hall with pressed tin ceilings, plus two upstairs 1-bedroom apartments with separate street-side access.
Where is this mixed-use property located?
The property is located at 137 Cook Avenue Raton, NM.
What is the asking price?
The asking price for this property is $89,500.
What are key features of this property?
This property features: Year built 1974 commercial property with main floor retail hall and two upstairs 1‑bedroom apartments; Main floor features an open‑concept hall with ornate pressed tin ceilings and original woodwork; Heat on the main floor provided by a natural gas suspended forced‑air unit; hardwood floors are under the carpet
(575) 686-8486 Call to check price and availability
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