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120 North 1st Street

Raton, NM 87740
  • $1,750,000
  • STATUS: Active
  • ON SITE: 39 Days
  • MLS #: 115136
UPDATED: 61 min ago
$1,750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 20,000
    SQFT
  • $88
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

[Taos County Association of Realtors] logo Listing provided courtesy of Engel & Voelkers Taos: 575-776-0600.

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. A unique development opportunity in Raton, New Mexico... providing an opportunity to revitalize and transform Raton's Historic Art District. This property spans 15,000 square feet within Raton’s world-famous historic art district. Perfectly situated downtown, directly across from the Amtrak station, the location offers significant potential. The beautiful alpine surroundings and scenic views make downtown Raton a true destination, and the price per square foot remains extremely competitive for the area. A well-equipped 2000 sqft restaurant and bar with a strong reputation and steady business facilitates a 150+ indoor/outdoor seating capacity and comes with a fully equipped, state of the art kitchen, service bar, POS system, game room and ADA compliant restrooms, ideally positioned for a new lessee. There is an additional 8000 sqft of retail rental space is available at ground level. The second story offers 10,000 sqft of residential lease potential. 2 finished apartment units, with history of long-term monthly leases. An additional 3000+ Entertainment-Ball room with refinished hard wood floors, towereing ceilings and skylights and 2 finished ADA compliant restrooms/laudry room available for expanded development. 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.

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© 2026 Taos Association of Realtors MLS, Inc. All rights reserved. Data last updated: 2026-07-15T08:28:57.153.
The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (“IDX”) program of TCAR MLS, Inc. Real estate listings held by brokers other than Chisum Group are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional service and that the publisher and authors are not offering such advice in this publication. If real state, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. TCAR MLS, INC. MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. TCAR MLS, INC. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, PR USE OF THIS MATERIAL.

Publisher’s Notice: All real estate advertised herein is subject to the Federal Fair Housing Act and the New Mexico Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

TCAR MLS, Inc. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
www.chisumgroup.com/homes/177352920
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120 North 1st Street Raton, NM 87740

  • Price: $1,750,000
  • Status: Active
  • On Site: 39 Days
  • Updated: 61 min ago
  • MLS #: 115136
0
Beds
0
Baths
0
½ Baths
N/A
Acres
20,000
SQFT
$88
$/SQFT
1900
Built
Neighborhood:
Other
County:
Colfax
Area:
Raton
Property 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. A unique development opportunity in Raton, New Mexico... providing an opportunity to revitalize and transform Raton's Historic Art District. This property spans 15,000 square feet within Raton’s world-famous historic art district. Perfectly situated downtown, directly across from the Amtrak station, the location offers significant potential. The beautiful alpine surroundings and scenic views make downtown Raton a true destination, and the price per square foot remains extremely competitive for the area. A well-equipped 2000 sqft restaurant and bar with a strong reputation and steady business facilitates a 150+ indoor/outdoor seating capacity and comes with a fully equipped, state of the art kitchen, service bar, POS system, game room and ADA compliant restrooms, ideally positioned for a new lessee. There is an additional 8000 sqft of retail rental space is available at ground level. The second story offers 10,000 sqft of residential lease potential. 2 finished apartment units, with history of long-term monthly leases. An additional 3000+ Entertainment-Ball room with refinished hard wood floors, towereing ceilings and skylights and 2 finished ADA compliant restrooms/laudry room available for expanded development. 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.
Property Features

Current Use Retail Disclosures Owner Is Listing Agent Lease Term Other Listing Agreement Exclusive Right To Sell Property Sub Type Retail Road Frontage Type City Street Tax Legal Description TBD / Property Legal Description: Subd: OT RATON Lot: 6 Block: 1 UPC 1135186318120 LAND 1 Subd: OT RAT Vegetation Other Zoning Description County

© 2026 Taos Association of Realtors MLS, Inc. All rights reserved. Data last updated: 2026-07-15T08:28:57.153.
The data relating to real estate for sale in this web site comes in part from the Internet Data Exchange (“IDX”) program of TCAR MLS, Inc. Real estate listings held by brokers other than Chisum Group are marked with the IDX Logo. All data in this web site is deemed reliable but is not guaranteed.

This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax, or other professional service and that the publisher and authors are not offering such advice in this publication. If real state, legal, or other expert assistance is required, the services of a competent, professional person should be sought.

The information contained in this publication is subject to change without notice. TCAR MLS, INC. MAKES NO WARRANTY OF ANY KIND WITH REGARD TO THIS MATERIAL, INCLUDING, BUT NOT LIMITED TO, THE IMPLIED WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE. TCAR MLS, INC. SHALL NOT BE LIABLE FOR ERRORS CONTAINED HEREIN OR FOR ANY DAMAGES IN CONNECTION WITH THE FURNISHING, PERFORMANCE, PR USE OF THIS MATERIAL.

Publisher’s Notice: All real estate advertised herein is subject to the Federal Fair Housing Act and the New Mexico Fair Housing Act, which Acts make it illegal to make or publish any advertisement that indicates any preference, limitation, or discrimination based on race, color, religion, sex, handicap, familial status, or national origin.

TCAR MLS, Inc. will not knowingly accept any advertising for real estate that is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.
 
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Chisum Group
6 First National Place
Angel Fire NM, 87710
[Taos County Association of Realtors] logo Listing provided courtesy of Engel & Voelkers Taos: 575-776-0600.