For Sale
$475,000

140 2Nd St Raton, NM 87740

Prime Raton location, multi-tenant income.

Overview

Added:
Dec 11, 2024
Days on market:
138
This stunning, registered historical property, built in 1918, is located in downtown Raton, New Mexico at 140 S 2nd St, 87740. The 13,856 to 20,568 square foot, two-story building sits on a 3,500 square foot lot and features a unique blend of commercial, retail, and office spaces across three tenants. Original architectural details are preserved, including stone columns, stained-glass windows, skylights, original woodwork, hardwood floors, and an old bank vault in the basement. One elevator provides convenient access to the second-floor office spaces. The building offers ample basement storage. Its corner location at Cook Avenue and Second Street ensures high visibility and strong foot traffic. The property benefits from its proximity to banks, a library, the train depot, and various restaurants. The lease type is gross, with month-to-month and yearly lease options available. There are no rent bumps. This is a rare opportunity to acquire a significant piece of Raton's history with excellent income potential.

Highlights

  • $475,000 asking price for this mixed-use property.
  • 13,856 - 20,568 square feet in a 2-story, 1-building property.
  • Located at 140 S 2nd St, Raton, NM 87740, on a 3,500 sq ft lot.
  • Three tenants currently occupy the space under a gross lease with month-to-month or yearly lease options.
  • Built in 1918, this historic building features original woodwork, hardwood floors, stained glass, and skylights.
  • Includes a functional elevator and significant basement storage.

Property Details for 140 2Nd St

Property type
Retail properties, Office properties
Square Feet
13,856 SF
Year Built
1918
Buildings
1
Stories
2

Location Insight

City
Raton
County
Colfax
State
New Mexico
Latitude
36.9013767
Longitude
-104.4400651

FAQs

What type of property is this?
Retail property - Prime Raton location, multi-tenant income.
Where is the retail property located?
The property is located at 140 2Nd St Raton, NM.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: $475,000 asking price for this mixed-use property.; 13,856 - 20,568 square feet in a 2-story, 1-building property.; Located at 140 S 2nd St, Raton, NM 87740, on a 3,500 sq ft lot.
How can I contact the broker?
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140 2Nd St
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