Historic Hotel with
For Sale
$3,500,000
200 S 1st Street, Raton, NM 87740
CommercialSale, Raton, NM
Property Size13,440 SF
Price / SF$260.42
Days on Market157
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
Baseboard, Wood Stove, Fireplace(s), Wood
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
fireplaces
pool room
performance stage
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: Sep 13
Last Checked: Oct 7 at 9:06AM
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.
Built in 1896, the Palace Hotel is a 13,440-square-foot historic property with a restaurant and bar component. The restaurant includes seating for 240+, a fully equipped 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 surrounding setting includes views of Johnson Mesa and alpine surroundings. An architectural plan calls for six additional hotel rooms and a day spa. The adjoining Haven Hotel also contains retail space and an art gallery.
The property is in downtown Raton’s historic and art district at 200 S 1st Street, directly across from the Amtrak station. The surrounding setting includes views of Johnson Mesa and alpine surroundings. An architectural plan calls for six additional hotel rooms and a day spa. The adjoining Haven Hotel also contains retail space and an art gallery.
Key Highlights
- 13,440‑square‑foot hotel property built in 1896
- Restaurant and bar with 240+ seats, commercial kitchen, pool room, stage, and 6 restrooms
- Two adjoining apartments located in the Haven
Property Analytics
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Open Analytics
Current Use
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
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Hotel - Downtown property includes a restaurant, bar, apartments, and unfinished expansion area.
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 with 240+ seats, commercial kitchen, pool room, stage, and 6 restrooms; Two adjoining apartments located in the Haven
