A unique development opportunity in Raton, New Mexico… think Gunsmoke, think riding in on a horse or riding in on a train… The historic Palace Hotel, including the renowned Stake Out Restaurant, is now available. 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 Key features of the property includeThe Stake Out Restaurant: An upscale, well-equipped restaurant and bar with a strong reputation and steady business through 2023. With a 240+ seat occupancy, the Stakeout Restaurant is complete with a fully equipped, state of the art kitchen, service bar, POS system, 2 fireplaces, a game room, performance stage and 6 restrooms. It is ideally positioned for a new lessee. Alternatively to Nightly sales, the hotel lodging space is securing Residential Leases. Some units come converted into apartments with attractive long-term monthly leases. The third floor currently requires remodeling, however offers an excellent opportunity to reintroduce hotel services or additional short term rental space. The Haven, 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 Raton’s history. Contact us for more information or to schedule a viewing.
- Heating System:
- Wood Stove, Fireplace(s), Baseboard
- Cooling System:
- Ceiling Fan(s)
- Parking:
- Parking Space(s)
- Sewer:
- Connected
- Utilities:
- Cable Available, Electricity Available, Natural Gas Available
- Exterior Features:
- Rain Gutters, Security Lighting
- Country:
- US
- State:
- NM
- County:
- Colfax
- City:
- Raton
- Subdivision:
- Other
- Zipcode:
- 87740
- Street:
- South 1st Street
- Street Number:
- 200
- Mls Area Major:
- RATON
- 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.
- Office Name:
- Engel & Voelkers Taos
- Agent Name:
- None
- Levels:
- Multi/Split
- Possible Use:
- Hotel/Motel
- Water Source:
- Public
- Building Size:
- 15000
- Community Features:
- Gutter(s)
- Construction Materials:
- Brick, See Remarks, Masonry, Rock
- Current Use:
- Hotel/Motel
- List Agent Mls Id:
- 958
- List Office Mls Id:
- 71
- Mls Status:
- Active
- Modification Timestamp:
- 2026-05-30T15:57:06Z
- Originating System Name:
- TAOS
- Co List Agent Mls Id:
- 195
- Co List Office Mls Id:
- 71
- Co List Office Name:
- Engel & Voelkers Taos
Commercial Sale For Sale
200 South 1st Street, Raton, New Mexico 87740
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Listing ID :
- 115091
- Price :
- $3,500,000
- Status :
- Active
- Property Sub Type :
- Building/Business
