Mixed-Use Restaurant with
For Sale
$750,000
244 South 1st Street, Raton, NM 87740
Raton, NM
Property Size7,500 SF
Price / SF$100
Days on Market51
Property Features for 244 South 1st Street
General Information
Property type
Residential
Property subtype
Retail
Standard status
Active
Amenities
fireplace
pellet stove
pool room
Building Details
Year built
1908
Listing Agency:
Engel & Volkers Taos · Engel & Völkers
(575) 776-0600
Listed By:
Keith Dowell · License #16067
(575) 741-1155
Added: Jul 17
Changed: Aug 19
Last Checked: Sep 5 at 6:06PM
MLS# 115135
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.
This mixed-use property combines a restaurant with three furnished second-floor apartments in a turn-of-the-century brick building constructed in 1908. The 7,500-square-foot property includes a dining room, service bar, pizza oven, POS system, fireplace, pellet stove, pool room, two ADA-compliant bathrooms, and seating for 150+ guests. Kitchen equipment includes a new stove/oven, new 48-inch griddle, freezer, reach-in unit, refrigerated worktable, walk-in cooler, and commercial dishwasher. The site also provides a fenced front patio and a large rear yard for outdoor dining.
Located at 244 South 1st Street in Raton's Historic District, the property sits across from the railroad and offers views of Johnson Mesa. Interior character includes 14-foot pressed-tin ceilings and wood floors throughout. The three furnished apartments are on the second floor and have long-term monthly leases.
Located at 244 South 1st Street in Raton's Historic District, the property sits across from the railroad and offers views of Johnson Mesa. Interior character includes 14-foot pressed-tin ceilings and wood floors throughout. The three furnished apartments are on the second floor and have long-term monthly leases.
Key Highlights
- 7,500‑square‑foot mixed‑use property with restaurant and three furnished second‑floor apartments
- Restaurant seating for 150+ guests with fenced front patio and large rear yard
- Commercial kitchen includes new stove/oven, new 48‑inch griddle, walk‑in cooler, and dishwasher
Property Analytics
Property Profile
Current Use
Lease Details
14 ft
Clear height
3
Residential units
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Restaurant improvements, furnished apartments, and outdoor dining areas support multiple on-site commercial and residential uses.
Where is this mixed-use property located?
The property is located at 244 South 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 mixed‑use property with restaurant and three furnished second‑floor apartments; Restaurant seating for 150+ guests with fenced front patio and large rear yard; Commercial kitchen includes new stove/oven, new 48‑inch griddle, walk‑in cooler, and dishwasher
