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.

Key Features

  • Built in 1900

Property Details

1900
Listing 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. The Gamble's Building, Premier commercial rental and residential space, at the hub of Raton's 1st Street Historic and Art District, and across the street from the railroad.

A prime development opportunity in Raton provides a chance to transform and revitalize Raton's Historic District. This property spans 15,000 square feet within the well-recognized District. Tastefully situated downtown, the location offers great development and investment potential.

The beautiful high-altitude vegetation and mountain views make Raton is a wonderful destination. The price per square remains extremely competitive for the area. El Comedor is a well equipped 2000 square foot restaurant and service bar with a strong reputation and steady business which, facilitates a 150+ indoor/outdoor seating capacity with a full

y equipped kitchen, service bar, POS system, game room, office area, ADA compliant restroom, ideally positioned for a new lessee. There is an additional 8,000 square feet of retail and office space on the ground floor. The second story offers 10,000 feet of residential/business space.

1 finished apartment with a history of long-term business leases. An additional 3,000 + square foot Entertainment Ballroom with refinished hardwood floors, towering ceilings with skylights, 3 offices and 2 ADA compliant restrooms are in place for expansion. This is a rare opportunity to own a significant piece of Southwestern History. Contact us for more information or to schedule a viewing.

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 $9,359 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1900.

This property is listed by Wayne Massi.

WM

Wayne Massi

License 51391

Agent at Berkshire Hathaway HomeServices Taos Real Estate

Listed by Berkshire Hathaway HomeServices Taos Real Estate · Broker phone: (575) 758-1924 · Broker website

MLS# 115136· Source: Enchanted Circle Association of REALTORS®· 180 days on PropertySimple

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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