Address
200 South 1st Street, Raton, NM
Price
$ 3,500,000
Property Attributes
- MLS#115091
- TypeSingle Family
- Listing Status Active
- CountyColfax
- CityRaton
- AreaRATON
- NeighborhoodOther
- Zip87740
- Style
- Price$ 3,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage15000
Data Source:
Taos County AOR
Property 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.
| Price History | |
|---|---|
| 5/30/2026 | Listed $3,500,000 |
General Features
| Sewer | Connected |
|---|---|
| Utilities | CableAvailable,ElectricityAvailable,NaturalGasAvailable |
| Property Subtype | BuildingBusiness |
| Property Type | CommercialSale |
| Subdivision Name | Other |
| Status | Active |
| Directions | From Las Vagas, NM north on I-25 and exit on Clayton Street. Go left/west on Clayton .5 miles to Second Street and go Right. Continue north 2.25 miles and go left on Cook Street, down to the corner of 1st and Cook Street. The Palace Hotel will be on the right. Streets. From Trinidad, CO, south on I-25, and take exit to S Second Street. Continue south 1.5 miles and go right on Cook Street, to the corner of 1st and Cook Street. The Palace Hotel is on the right. |
| City | Raton |
| Zoning Description | Historic |
| MLS Area | RATON |
| Lot Size Units | Acres |
| Standard Status | Active |
| PostalCity | Raton |
| Legal Description | TBD |
| County | Colfax |
| Disclosures | OwnerIsListingAgent |
| Possession | SubjectToTenantRights |
| Construction Materials | Brick,Masonry,Rock,SeeRemarks |
| Levels | MultiSplit |
| Occupancy Type | Tenant |
| Current Use | HotelMotel |
| Possible Use | HotelMotel |
| Ok to Lease | MonthToMonth |
| Building Area Units | SquareFeet |
| Heating | Baseboard,Fireplaces,WoodStove |
| Community Features | Gutters |
| Cooling | CeilingFans |
| Building Features | Restaurant |
Interior Features
| Heating Y/N | true |
|---|---|
| Fireplace Y/N | true |
Exterior Features
| Vegetation | Other |
|---|---|
| Water Source | Public |
| Road Frontage Type | CityStreet |
| Exterior Amenities | RainGutters,SecurityLighting |
| Building Area Total | 15000 |
| Parking Features | ParkingSpaces |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 87740
Price
In The Neighborhood
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- Type
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- Size
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- Type
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- 1,743 SqFt
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The Lora Company Real Estate 575-758-3275
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- Type
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- Size
- 1,800 SqFt
- Rooms
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$ 435,000
- Type
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- Size
- 1,065 SqFt
- Rooms
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$ 859,900
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- Size
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- Type
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- Size
- 895 SqFt
- Rooms
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Berkshire Hathaway HomeServices Taos Real Estate 575-758-1924
Views
Taos
$ 795,000
- Type
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- Size
- 1,550 SqFt
- Rooms
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Views
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$ 915,000
- Type
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- Size
- 2,298 SqFt
- Rooms
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Tres Piedras
$ 235,000
- Type
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- Size
- 2,189 SqFt
- Rooms
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Berkshire Hathaway HomeServices Taos Real Estate 575-758-1924
Reduced
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$ 1,790,000
- Type
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- Size
- 600 SqFt
- Rooms
- 5 Beds + 3.5 Baths
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El Prado
$ 550,000
- Type
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- Size
- 1,532 SqFt
- Rooms
- 3 Beds + 1.5 Baths
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Views
Taos
$ 695,000
- Type
- Single Family
- Size
- 1,884 SqFt
- Rooms
- 3 Beds + 2 Baths
Engel & Voelkers Taos 575-776-0600
Views
Taos
$ 3,700,000
- Type
- Single Family
- Size
- 5,251 SqFt
- Rooms
- 5 Beds + 4.5 Baths
Jones West 575-737-9378
IDX information © 2026 The Southwest Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by The Southwest Multiple Listing Service or Berkshire Hathaway HomeServices New Mexico Properties. Data last updated: September 21, 2026 6:59 PM UTC
Santa Fe Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
Las Cruces Association of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
