Historic Hotel with
For Sale
$3,500,000
200 S 1st Street, Raton, NM 87740
COMMERCIAL - Raton, NM
Property Size13,440 SF
Price / SF$260.42
Days on Market112
Property Features for 200 S 1st Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Historic
Security features
Security
Exterior features
RainGutters, SecurityLighting
Fireplace
1
Directions
From Las Vagas, NM north on I-25 and exit on Clayton Street. Go left/west on Clayton .5 miles to Second Street and go Right. Continue north 2.25 miles and go left on Cook Street, down to the corner of 1st and Cook Street. The Palace Hotel will be on the right. Streets. From Trinidad, CO, south on I-25, and take exit to S Second Street. Continue south 1.5 miles and go right on Cook Street, to the corner of 1st and Cook Street. The Palace Hotel is on the right.
Subdivision
RATON
Standard status
Active
Utilities
Heating system
Fireplace(s), Wood, Baseboard, Wood Stove
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
fireplaces
pool room
performance stage
fully equipped kitchen
Building Details
Floors in Building
2
Building materials
Brick, Masonry, Rock
Listing Agency:
Engel & Voelkers Taos
(575) 776-0600
Listed By:
Wayne Massi · License #51391
(575) 613-0156
Added: May 4
Changed: Aug 19
Last Checked: Aug 23 at 3:06AM
MLS# 115091
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 Palace Hotel is a historic hospitality property built in 1896 and measuring 13,440 square feet. Its improvements include the Stakeout Restaurant, an equipped restaurant and bar with seating for 240+, a commercial kitchen, two fireplaces, a pool room, performance stage, and six restrooms. Two adjoining apartments are located in the Haven, while the third floor remains unfinished.
The property is in downtown Raton’s historic and art district at 200 S 1st Street, directly across from the Amtrak station. The adjoining Haven Hotel adds retail space and houses an art gallery. An architectural plan outlines six additional hotel rooms and a day spa for the unfinished third floor.
Exterior construction includes brick, masonry, and rock. The property has public water service, security lighting, rain gutters, fireplaces, wood and baseboard heating, and ceiling fans.
The property is in downtown Raton’s historic and art district at 200 S 1st Street, directly across from the Amtrak station. The adjoining Haven Hotel adds retail space and houses an art gallery. An architectural plan outlines six additional hotel rooms and a day spa for the unfinished third floor.
Exterior construction includes brick, masonry, and rock. The property has public water service, security lighting, rain gutters, fireplaces, wood and baseboard heating, and ceiling fans.
Key Highlights
- 13,440‑square‑foot hotel property built in 1896
- Restaurant and bar seats 240+ and includes a commercial kitchen
- Restaurant features 2 fireplaces, a pool room, performance stage, and 6 restrooms
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
396
Businesses Nearby
2k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Phil Long Ford of Raton
Shops & Services
1,345 visits/mo
0.1 miles
Carquest Auto Parts
Shops & Services
999 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
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Downtown hospitality property includes a restaurant, bar, apartments, and unfinished expansion space.
Where is this hotel located?
The property is located at 200 S 1st Street Raton, NM.
What is the asking price?
The asking price for this property is $3,500,000.
What are key features of this property?
This property features: 13,440‑square‑foot hotel property built in 1896; Restaurant and bar seats 240+ and includes a commercial kitchen; Restaurant features 2 fireplaces, a pool room, performance stage, and 6 restrooms
