# 244 S 1st Street, Raton, NM 87740

> **TL;DR:** commercial, $750,000, built 1908.
> A/C. Est. $3,250/mo. Listed 52 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $750,000 |
| Year Built | 1908 |
| Stories | 2 |
| Property Type | Commercial (Retail) |
| Status | For Sale |
| Days on Market | 52 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Mortgage (20% down, 6.5%) | $3,250 |
| **Total** | **$3,250** |

## Key Amenities

- A/C

## Property Highlights

- Built in 1908
- 2 stories

## Description

### Agent Description
Gate City's Santa Fe Cafe apartment complex is the commercial sentinel of Raton's Historic 1st Street Art District. A unique development opportunity in Raton, New Mexico... think Gunsmoke, think riding in on horse back or riding in on a the train... The Historic Gate City, Santa Fe Cafe building is now available. This property spans 7,500 square feet, situated directly across the street from the Am-Track RR Station and comes with a complete front of the house dinning room, service bar, POS and license. Back of house/kitchen comes with multiple stove's, ovens, walk-in refrigeration and dish machine. The second floor has three fully finished apartments for added rental income. Raton's world-famous historic art district, perfectly situated downtown, directly across from the Amtrak station, the location offers significant potential. Turn of the century brick construction, 14" high ceilings, wood floors through out, all set in beautiful alpine surroundings and scenic views make downtown Raton a true destination, at an extremely competitive price per square foot. A Key features of the property includeThe Stake Out Restaurant: upscale, well-equipped restaurant and bar with a strong reputation and steady business through 2023. With a 150+ seating occupancy, patio dinning, with a fully equipped, state of the art kitchen, service bar, POS system, fireplace and game room, 2 ADA compliant restrooms and ready for a new lessee. Second floor apartment lodging space is converted into apartments with attractive long-term monthly leases. The back yard and parking provide further development opportunity. 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.

## Location

- **Address:** 244 S 1st Street, Raton, NM 87740
- **County:** Colfax
- **Coordinates:** 36.900135, -104.438931
- **Google Maps:** https://www.google.com/maps?q=36.900135,-104.438931

## Listing Agent

- **Name:** Keith Dowell
- **Brokerage:** Engel & Voelkers Taos
- **Phone:** 5757760600
- **Email:** keith.dowell@engelvoelkers.com

## Primary Photo

![244 S 1st Street - Primary Photo](http://lh.rdcpix.com/2caec985a523c3b3922d9f7cf1d14a38l-f2007269216r.jpg)

*25 total photos available on [listing page](https://www.propertysimple.com/listing/244-s-1st-street-raton-nm-87740-m115135)*

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**MLS#:** 115135 | **Updated:** 2026-06-25
**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://www.propertysimple.com/listing/244-s-1st-street-raton-nm-87740-m115135)

---

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