# 200 S 1st Street, Raton, NM 87740 > **TL;DR:** commercial, $3,500,000. > Fireplace. Est. $18,719/mo. Listed 182 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $3,500,000 | | Stories | 2 | | Property Type | Commercial (Other) | | Status | Active | | Days on Market | 182 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $17,698 | | Estimated Insurance | $1,021 | | **Total** | **$18,719** | ## Key Amenities - Fireplace ## Property Highlights - 2 stories - Fireplace ## Description ### Agent Description A unique development opportunity in Raton New Mexico...the Historic Palace Hotel built in 1896 by Scottish stone masons are now available. This property spans 13,440 square feet within Raton's well known historic and art district. Perfectly situated downtown, directly across from the Amtrak station, the location offers significant potential. It is ground zero for community events. Beautiful alpine surroundings and unobstructed views of Johnson Mesa make downtown Raton a true destination, and the price per square foot remains extremely competitive for the area. A key feature of the property is the Stakeout Restaurant. An upscale, well-equipped restaurant and bar with a strong reputation and steady business through 2023. With a 240+ seating capacity, the Stakeout Restaurant is complete with a fully equipped, state-of-the-art kitchen, 2 fireplaces, a pool room, a performance stage and 6 restrooms. It is ideally positioned for a new lessee. Alternatively, to nightly F and B sales, the Palace has 2 adjoining apartments (in the Haven). These apartments are large, well decorated rooms with a strong rental history. The third floor is unfinished. There is an architectural plan that features six additional hotel rooms, and a day spa. The Haven Hotel, 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 Southwestern History. Contact us for more information or to schedule a viewing. ## Location - **Address:** 200 S 1st Street, Raton, NM 87740 - **County:** Colfax - **Coordinates:** 36.900822, -104.438713 - **Google Maps:** https://www.google.com/maps?q=36.900822,-104.438713 ## Listing Agent - **Name:** Wayne Massi · **License:** 51391 - **Brokerage:** Berkshire Hathaway HomeServices Taos Real Estate - **Broker Phone:** (575) 758-1924 ## Photos ![200 S 1st Street - Photo 1](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f387212396r.jpg) ![200 S 1st Street - Photo 2](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f1187377884r.jpg) ![200 S 1st Street - Photo 3](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2831044130r.jpg) ![200 S 1st Street - Photo 4](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f3415572999r.jpg) ![200 S 1st Street - Photo 5](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f1995632997r.jpg) ![200 S 1st Street - Photo 6](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f159230698r.jpg) ![200 S 1st Street - Photo 7](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f1175992824r.jpg) ![200 S 1st Street - Photo 8](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f3636413163r.jpg) ![200 S 1st Street - Photo 9](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2349573720r.jpg) ![200 S 1st Street - Photo 10](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2342292631r.jpg) ![200 S 1st Street - Photo 11](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2991403945r.jpg) ![200 S 1st Street - Photo 12](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f3763425484r.jpg) ![200 S 1st Street - Photo 13](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2335957635r.jpg) ![200 S 1st Street - Photo 14](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f1654156264r.jpg) ![200 S 1st Street - Photo 15](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f1175992824r.jpg) ![200 S 1st Street - Photo 16](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f3161901537r.jpg) ![200 S 1st Street - Photo 17](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f3507338226r.jpg) ![200 S 1st Street - Photo 18](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2903281202r.jpg) ![200 S 1st Street - Photo 19](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2572727488r.jpg) ![200 S 1st Street - Photo 20](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f1076408003r.jpg) ![200 S 1st Street - Photo 21](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f1679164180r.jpg) ![200 S 1st Street - Photo 22](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f287081885r.jpg) ![200 S 1st Street - Photo 23](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f459152905r.jpg) ![200 S 1st Street - Photo 24](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2078057903r.jpg) ![200 S 1st Street - Photo 25](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2200658893r.jpg) ![200 S 1st Street - Photo 26](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2261186494r.jpg) ![200 S 1st Street - Photo 27](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f1895826720r.jpg) ![200 S 1st Street - Photo 28](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f4123750967r.jpg) ![200 S 1st Street - Photo 29](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2205395888r.jpg) ![200 S 1st Street - Photo 30](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f1931042305r.jpg) ![200 S 1st Street - Photo 31](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f3045345711r.jpg) ![200 S 1st Street - Photo 32](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f986591777r.jpg) ![200 S 1st Street - Photo 33](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f3329677072r.jpg) ![200 S 1st Street - Photo 34](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2564953790r.jpg) ![200 S 1st Street - Photo 35](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2855719337r.jpg) ![200 S 1st Street - Photo 36](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f684238352r.jpg) ![200 S 1st Street - Photo 37](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f1034814599r.jpg) ![200 S 1st Street - Photo 38](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f948635684r.jpg) ![200 S 1st Street - Photo 39](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2850851349r.jpg) ![200 S 1st Street - Photo 40](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f2166833045r.jpg) ![200 S 1st Street - Photo 41](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f3952401177r.jpg) ![200 S 1st Street - Photo 42](http://lh.rdcpix.com/b6b26f51c64baf55cef0bfd9d4b97c25l-f1995632997r.jpg) --- **MLS#:** 115091 | **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/200-s-1st-street-raton-nm-87740-bbd1b65f215147c8a6ae69493b974b40) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://staging.propertysimple.ai/listing/200-s-1st-street-raton-nm-87740-bbd1b65f215147c8a6ae69493b974b40#listing", "url": "https://staging.propertysimple.ai/listing/200-s-1st-street-raton-nm-87740-bbd1b65f215147c8a6ae69493b974b40", "name": "200 S 1st Street, Raton, NM 87740", "description": "A unique development opportunity in Raton New Mexico...the Historic Palace Hotel built in 1896 by Scottish stone masons are now available. This property spans 13,440 square feet within Raton's well known historic and art district. Perfectly situated downtown, directly across from the Amtrak station, the location offers significant potential. It is ground zero for community events. Beautiful alpine surroundings and unobstructed views of Johnson Mesa make downtown Raton a true destination, and the price per square foot remains extremely competitive for the area. A key feature of the property is the Stakeout Restaurant. An upscale, well-equipped restaurant and bar with a strong reputation and steady business through 2023. With a 240+ seating capacity, the Stakeout Restaurant is complete with a fully equipped, state-of-the-art kitchen, 2 fireplaces, a pool room, a performance stage and 6 restrooms. It is ideally positioned for a new lessee. Alternatively, to nightly F and B sales, the Palace has 2 adjoining apartments (in the Haven). These apartments are large, well decorated rooms with a strong rental history. The third floor is unfinished. There is an architectural plan that features six additional hotel rooms, and a day spa. The Haven Hotel, 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 Southwestern History. 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