Historic Hotel and Restaurant
200 South 1st Street Raton, NM 87740
200 South 1st Street, Raton, NM, 87740
$3,500,000
For Sale
$3,500,000
Commercial Sale, Other - Raton, NM
Property Size15,000 SF
Price / SF$233.33
Days on Market48
Property Features for 200 South 1st Street
General Information
- Property type
- Commercial Sale
- Property subtype
- Business
- Zoning
- Historic
- Exterior features
- Rain Gutters
- Fireplace
- 1
- Standard status
- Active
Utilities
- Heating system
- Baseboard, Fireplace(s), Wood (Heating), Wood Stove
- Cooling system
- Ceiling Fan(s)
Building Details
- Architectural style
- Other
Listing Agency
Engel & Völkers Taos
(575) 776-0600
105 Paseo del Pueblo Norte, Taos, NM
Listed by
Wayne Massi
(575) 613-0156
Added: May 30 Checked: Jul 16 at 7:06 pm
MLS# 115091
Listing URL
Copyright © 2026 Engel & Völkers. 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 historic Palace Hotel is offered with the Stake Out Restaurant and bar, along with adjoining lodging and retail space. The property includes 15,000 square feet, and the Stake Out Restaurant is equipped for operations with a fully equipped kitchen, service bar, POS system, two fireplaces, a game room, a performance stage, and six restrooms, with 240+ seat occupancy.
The complex is positioned downtown at 200 South 1st Street and is directly across from the Amtrak station. The hotel lodging space is securing residential leases, and some units have been converted into apartments with long-term monthly leases.
The third floor currently requires remodeling, presenting an opportunity to reintroduce hotel services or expand short-term rental space. The Haven, adjoining the Palace, provides additional retail space and currently houses a local art gallery.
The complex is positioned downtown at 200 South 1st Street and is directly across from the Amtrak station. The hotel lodging space is securing residential leases, and some units have been converted into apartments with long-term monthly leases.
The third floor currently requires remodeling, presenting an opportunity to reintroduce hotel services or expand short-term rental space. The Haven, adjoining the Palace, provides additional retail space and currently houses a local art gallery.
Key Highlights
- Historic Palace Hotel featuring the renowned Stake Out Restaurant in Raton's historic art district.
- Prime downtown location directly across from the Amtrak station.
- The Stake Out Restaurant: Upscale, well‑equipped restaurant and bar with 240+ seat occupancy and a state‑of‑the‑art kitchen.
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FAQs
What type of property is this?
Hotel - Historic Palace Hotel offering a restaurant and bar plus lodging space with residential leases and additional retail within the complex.
Where is this hotel located?
The property is located at 200 South 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: Historic Palace Hotel featuring the renowned Stake Out Restaurant in Raton's historic art district.; Prime downtown location directly across from the Amtrak station.; **The Stake Out Restaurant: Upscale, well‑equipped restaurant and bar with 240+ seat occupancy and a state‑of‑the‑art kitchen.**
