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Historic Mixed-Use Property with Restaurant
For Sale
$3,500,000

200 South 1st Street, Raton, NM 87740

Raton, NM

Property Size13,440 SF
Price / SF$260.42
Days on Market86

Property Features for 200 South 1st Street

General Information

Property type Commercial Sale
Property subtype Other
Standard status Active

Amenities

fireplaces
pool room
performance stage
Listing Agency: Engel & Volkers Taos · Engel & Völkers
Listed By: Wayne Massi · License #51391
Added: Jul 17 Changed: Oct 10 Last Checked: Oct 10 at 11:06PM
MLS# 115091

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.

Built in 1896, this 13,440-square-foot historic property includes the Stakeout Restaurant and bar, two adjoining apartments, and unfinished third-floor space. The restaurant accommodates more than 240 guests and has a fully equipped kitchen, two fireplaces, a pool room, a performance stage, and six restrooms. Architectural plans propose six hotel rooms and a day spa on the unfinished floor; these are planned additions, not existing improvements.

The property is downtown in Raton’s historic and art district, directly across from the Amtrak station. An adjoining hotel contains additional retail space and an art gallery.

Key Highlights

  • 13,440‑square‑foot historic property built in 1896
  • Restaurant and bar with seating for 240+ guests
  • Restaurant includes a fully equipped kitchen, 2 fireplaces, a pool room, a performance stage, and 6 restrooms

Property Analytics

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Current Use

Conventional restaurants

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.

Location Intelligence

Trade Area within ½ mile

404
Businesses Nearby
2k
Monthly Visits Nearby

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 0.1 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
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - A downtown property combines restaurant and bar space with apartments, hotel-related plans, and adjoining retail space.
Where is this mixed-use property 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: 13,440‑square‑foot historic property built in 1896; Restaurant and bar with seating for 240+ guests; Restaurant includes a fully equipped kitchen, 2 fireplaces, a pool room, a performance stage, and 6 restrooms
More about this property
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