Historic Restaurant with
For Sale
$750,000
244 S 1st Street, Raton, NM 87740
CommercialSale, Raton, NM
Property Size7,500 SF
Price / SF$100
Days on Market125
Property Features for 244 S 1st Street
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
Highway Corrido
Security features
Security
Exterior features
Landscaping, SecurityLighting
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
Taxes and HOA fees
Tax Description
Subd: OT RATON Lot: 1 Block: 9 UPC 1135186301019 LAND 1 Subd: OT RATON Lot: 2 Block: 9 UPC 11351863
Legal Description
Subd: OT RATON Lot: 1 Block: 9 UPC 1135186301019 LAND 1 Subd: OT RATON Lot: 2 Block: 9 UPC 11351863
Utilities
Heating system
Baseboard, Electric (Heating)
Cooling system
Ceiling Fan(s)
Water source
Public
Amenities
fireplace
pellet stove
pool room
ADA compliant bathrooms
Building Details
Year built
1908
Floors in Building
2
Building materials
Masonry, MetalSiding
Roof type
Flat
Listing Agency:
Engel & Voelkers Taos
(575) 776-0600
Listed By:
Keith Dowell · License #16067
(575) 741-1155
Added: May 4
Changed: Sep 2
Last Checked: Sep 5 at 2:06AM
MLS# 115135
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.
This 7,500-square-foot restaurant property was built in 1908 and combines a front dining room with a service bar, pizza oven, POS system, fireplace, pool room, and two ADA-compliant bathrooms. The commercial kitchen includes a new stove and oven, 48-inch griddle, freezer, reach-in refrigerator, refrigerated worktable, walk-in storage, and commercial dishwasher. A fenced front patio and large rear yard provide outdoor dining areas, while the restaurant accommodates more than 150 seats.
The property occupies a masonry and metal-sided building on South 1st Street in Raton’s Historic District, across from the railroad and within the downtown area. The upper floor contains three furnished apartments with long-term monthly leases. Additional physical features include 14-foot pressed-tin ceilings, wood floors, baseboard electric heating, ceiling fans, public water service, security lighting, landscaping, and a flat roof.
The property occupies a masonry and metal-sided building on South 1st Street in Raton’s Historic District, across from the railroad and within the downtown area. The upper floor contains three furnished apartments with long-term monthly leases. Additional physical features include 14-foot pressed-tin ceilings, wood floors, baseboard electric heating, ceiling fans, public water service, security lighting, landscaping, and a flat roof.
Key Highlights
- 7,500‑square‑foot restaurant property built in 1908
- Front dining room, service bar, pizza oven, POS system, pool room, and fireplace
- Commercial kitchen with new stove/oven, new 48" griddle, walk‑in, refrigeration, and dishwasher
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
3
Residential units
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turn-of-the-century masonry property with an equipped kitchen, furnished upper-level units, dining areas, and outdoor seating.
Where is this conventional restaurant located?
The property is located at 244 S 1st Street Raton, NM.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 7,500‑square‑foot restaurant property built in 1908; Front dining room, service bar, pizza oven, POS system, pool room, and fireplace; Commercial kitchen with new stove/oven, new 48" griddle, walk‑in, refrigeration, and dishwasher
