# Highway 87, Raton, NM 87740 > **TL;DR:** land, $1,900,000. Est. $10,161/mo. Listed 530 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,900,000 | | Lot Size | 9,270,004 sqft (212.81 acres) | | Property Type | Land (Other) | | Status | Active | | Days on Market | 530 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $9,607 | | Estimated Insurance | $554 | | **Total** | **$10,161** | ## Nearby Schools - **Elementary:** None/Other - **Middle:** None/Other - **High:** None/Other ## Property Highlights - 212.81 acre lot ## Description ### Agent Description Prime Investment Opportunity with Highway Frontage and Mixed-Use Zoning. Unlock the potential of over 200 acres of strategically located, multi-use land just off Highway 87 - a high-traffic corridor for travelers from Texas, Colorado, and New Mexico via I-25. This rare parcel offers a powerful combination of visibility, access, and zoning flexibility, making it ideal for both commercial and residential development. 60.82 acres are annexed into the city, with the frontage zoned C3 Commercial, perfect for retail, services, or hospitality. The remaining acreage is designated RHZ (Residential Holding Zone), suitable for housing, agriculture, or future expansion. With city water, electric, and gas available nearby, the groundwork is set for your next major development. Whether you're planning a business park, commercial center, or residential community, this high-profile location offers limitless potential. ## Location - **Address:** Highway 87, Raton, NM 87740 - **County:** Colfax - **Coordinates:** 36.842, -104.4177 - **Google Maps:** https://www.google.com/maps?q=36.842,-104.4177 ## Listing Agent - **Name:** Wendy Mileta · **License:** 19831 - **Brokerage:** Realty One of New Mexico, Santa Fe - **Broker Phone:** (575) 707-1662 - **Listing URL:** [View original listing](https://www.realtor.com/realestateandhomes-detail/Highway-87_Raton_NM_87740_M95993-07065?f=listhub&s=NMMLSNM&m=20252833&c=propsimple) ## Photos ![Highway 87 - Photo 1](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f718640034r.jpg) ![Highway 87 - Photo 2](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f2827803422r.jpg) ![Highway 87 - Photo 3](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f824293633r.jpg) ![Highway 87 - Photo 4](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f668566543r.jpg) ![Highway 87 - Photo 5](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f688457006r.jpg) ![Highway 87 - Photo 6](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f1693976880r.jpg) ![Highway 87 - Photo 7](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f1136940800r.jpg) ![Highway 87 - Photo 8](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f1645390191r.jpg) ![Highway 87 - Photo 9](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f975996761r.jpg) ![Highway 87 - Photo 10](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f3918523873r.jpg) ![Highway 87 - Photo 11](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f2110366762r.jpg) ![Highway 87 - Photo 12](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f493679011r.jpg) ![Highway 87 - Photo 13](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f1368872293r.jpg) ![Highway 87 - Photo 14](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f936237215r.jpg) ![Highway 87 - Photo 15](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f3607609979r.jpg) ![Highway 87 - Photo 16](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f3356186197r.jpg) ![Highway 87 - Photo 17](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f2281672429r.jpg) ![Highway 87 - Photo 18](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f582072869r.jpg) ![Highway 87 - Photo 19](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f1167091313r.jpg) ![Highway 87 - Photo 20](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f2883558039r.jpg) ![Highway 87 - Photo 21](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f760515190r.jpg) ![Highway 87 - Photo 22](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f2023066665r.jpg) ![Highway 87 - Photo 23](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f3669841169r.jpg) ![Highway 87 - Photo 24](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f3056586003r.jpg) ![Highway 87 - Photo 25](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f718640034r.jpg) ![Highway 87 - Photo 26](http://lh.rdcpix.com/5ac25aaec58bca0bc55352480b5fab46l-f2685256180r.jpg) --- **MLS#:** 20252833 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 New Mexico MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/highway-87-raton-nm-87740-e83b92eebdd0467885aeb4baab47440b) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/highway-87-raton-nm-87740-e83b92eebdd0467885aeb4baab47440b#listing", "url": "https://www.propertysimple.ai/listing/highway-87-raton-nm-87740-e83b92eebdd0467885aeb4baab47440b", "name": "Highway 87, Raton, NM 87740", "description": "Prime Investment Opportunity with Highway Frontage and Mixed-Use Zoning. Unlock the potential of over 200 acres of strategically located, multi-use land just off Highway 87 - a high-traffic corridor for travelers from Texas, Colorado, and New Mexico via I-25. 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