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About This Home

This 0-bedroom, 0-bathroom commercial at 120 N 1st Street in Raton, NM is listed for $1,750,000. Built in 1900, on a N/A lot.

Agent Description

The Gamble Building, Premier commercial retail and residential space, at the hub of Raton's, 1st Street Historic Art District, located directly across the street from the AmTrack RxR station. A unique development opportunity in Raton, New Mexico... providing an opportunity to revitalize and transform Raton's Historic Art District.

This property spans 15,000 square feet within Raton's world-famous historic art district. Perfectly situated downtown, directly across from the Amtrak station, the location offers significant potential. The beautiful alpine surroundings and scenic views make downtown Raton a true destination, and the price per square foot remains extremely competitive for the area.

A well-equipped 2000 sqft restaurant and bar with a strong reputation and steady business facilitates a 150+ indoor/outdoor seating capacity and comes with a fully equipped, state of the art kitchen, service bar, POS system, game room and ADA compliant restrooms, ideally positioned for a new lessee.

There is an additional 8000 sqft of retail rental space is available at ground level. The second story offers 10,000 sqft of residential lease potential. 2 finished apartment units, with history of long-term monthly leases. An additional 3000+ Entertainment-Ball room with refinished hard wood floors, towereing ceilings and skylights and 2 finished ADA compliant restrooms/laudry room available for expanded development.

This is a one-of-a-kind opportunity to own a significant piece of Raton's history. Contact us for more information or to schedule a viewing.

Key Features

  • Built in 1900

Property Details

1900

Monthly Cost Estimate

$9,359/mo

20% down · 6.5% · 30 years

Principal$1,266
Interest$7,583
Insurance$510

Estimates only. Actual payments may vary.

Location

120 N 1st Street

Raton, NM 87740

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 120 N 1st Street is listed at $1,750,000. The estimated monthly payment is $7,583 based on 20% down at 6.5% interest.

Key features include: Built in 1900.

This property is listed by Wayne Massi and can be reached at 5757760600 or wayne.massi@evusa.com.

WM

Wayne Massi

Agent at Engel & Voelkers Taos

(575) 776-0600

Listed by Engel & Voelkers Taos

MLS# 115136· Source: listhub· Updated 34 days ago

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.

120 N 1st Street, Raton, NM 87740

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