200 S 1st Street, Raton, NM 87740

A unique development opportunity in Raton, New Mexico... think Gunsmoke, think riding in on a horse or riding in on a train... The historic Palace Hotel, including the renowned Stake Out Restaurant, is now available. 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 Key features of the property includeThe Stake Out Restaurant: An upscale, well-equipped restaurant and bar with a strong reputation and steady business through 2023. With a 240+ seat occupancy, the Stakeout Restaurant is complete with a fully equipped, state of the art kitchen, service bar, POS system, 2 fireplaces, a game room, performance stage and 6 restrooms.

It is ideally positioned for a new lessee. Alternatively to Nightly sales, the hotel lodging space is securing Residential Leases. Some units come converted into apartments with attractive long-term monthly leases. The third floor currently requires remodeling, however offers an excellent opportunity to reintroduce hotel services or additional short term rental space.

The Haven, adjoining the Palace, has additional retail space and currently houses a popular art gallery by well-known local artist Carl Swanson. 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.