# 120 N 1st Street, Raton, NM 87740 > **TL;DR:** commercial, $1,750,000, built 1900. Est. $9,359/mo. Listed 182 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $1,750,000 | | Year Built | 1900 | | Property Type | Commercial (Retail) | | Status | Active | | Days on Market | 182 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $8,849 | | Estimated Insurance | $510 | | **Total** | **$9,359** | ## Property Highlights - Built in 1900 ## Description ### 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. 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 fully 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. ## Location - **Address:** 120 N 1st Street, Raton, NM 87740 - **County:** Colfax - **Coordinates:** 36.902786, -104.438452 - **Google Maps:** https://www.google.com/maps?q=36.902786,-104.438452 ## Listing Agent - **Name:** Wayne Massi · **License:** 51391 - **Brokerage:** Berkshire Hathaway HomeServices Taos Real Estate - **Broker Phone:** (575) 758-1924 ## Photos ![120 N 1st Street - Photo 1](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f1335047795r.jpg) ![120 N 1st Street - Photo 2](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f1280117806r.jpg) ![120 N 1st Street - Photo 3](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f1174961638r.jpg) ![120 N 1st Street - Photo 4](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f944797823r.jpg) ![120 N 1st Street - Photo 5](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f329169556r.jpg) ![120 N 1st Street - Photo 6](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f2270812198r.jpg) ![120 N 1st Street - Photo 7](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f1920375506r.jpg) ![120 N 1st Street - Photo 8](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f3086751804r.jpg) ![120 N 1st Street - Photo 9](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f1820898843r.jpg) ![120 N 1st Street - Photo 10](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f3388987901r.jpg) ![120 N 1st Street - Photo 11](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f3989212295r.jpg) ![120 N 1st Street - Photo 12](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f3496285396r.jpg) ![120 N 1st Street - Photo 13](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f2483959723r.jpg) ![120 N 1st Street - Photo 14](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f2233192904r.jpg) ![120 N 1st Street - Photo 15](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f864842897r.jpg) ![120 N 1st Street - Photo 16](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f1995632997r.jpg) ![120 N 1st Street - Photo 17](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f1931042305r.jpg) ![120 N 1st Street - Photo 18](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f2166833045r.jpg) ![120 N 1st Street - Photo 19](http://lh.rdcpix.com/b8f99fffdc81a35f0e1f519cc8a56ab4l-f3559806462r.jpg) --- **MLS#:** 115136 | **Updated:** 2026-10-24 **Source:** listhub *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.* [View on PropertySimple](https://staging.propertysimple.ai/listing/120-n-1st-street-raton-nm-87740-63fba3f5bade437aa7fa91cd671ae706) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/120-n-1st-street-raton-nm-87740-63fba3f5bade437aa7fa91cd671ae706#listing", "url": "https://staging.propertysimple.ai/listing/120-n-1st-street-raton-nm-87740-63fba3f5bade437aa7fa91cd671ae706", "name": "120 N 1st Street, Raton, NM 87740", "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. 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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. 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