Property Listings

Former KMart

4.15 Acre - 1235 S 2nd St, Raton, New Mexico 87740

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Property Description

Absolute Investment Realty has been selected as the exclusive representative of the owner of this reposition opportunity in Raton, New Mexico. The
property is currently leased by Kmart. Though the property has been continuously operated by Kmart since it opened it’s doors in 1979, and
the tenant has recently renewed its lease through 05/31/2021, Sears Holdings, Kmart’s parent corporation, closed this location on April 8, 2018.

The closing of this KMart store leaves a huge market gap, resulting in a potential fantastic opportunity for the future owner and user of this property. The
tenant remains responsible for it’s lease obligations including rent and property maintenance through 05/31/2021, presenting the buyer of this
property with an opportunity to potentially negotiate a buyout of the lease and reposition and re-let the property for a higher rent rate. At $22.19/SF,
this property also is priced well below replacement value helping to reduce the buyer’s risk and allow for a multitude of future tenant’s and uses.

Building size is +/- 40,327 SF on 4.15 acre lot.

Basic Details
Property Type : Multi-Use
Property Location : Raton
Opportunity Zone : Yes
Current Zoning : C-2
Listing Type : For Sale or Lease
Listing ID : 1001
Price : $895,000
Property Taxes : 7670
View : Street
Year Built : 1979
Building Size : 40,327
Lot Area : 4.15 Acre
Off Street Parking : More than 6
ADA Compliant
Electrical Service
Heating and Cooling System : Central Air, Central Heat
Address Map
Country : US
State : NM
County : Colfax
City : Raton
Zipcode : 87740
Street : S 2nd
Street Number : 1235
Street Suffix : St
Postal Code : 87740
Building Name : Former KMart
Floor Number : 1
Longitude : W105° 33' 42.1''
Latitude : N36° 52' 52.4''
Shopping Center 1 Minutes
Town Center 5 Minutes
Hospital 5 Minutes
Police Station 5 Minutes
Train Station 5 Minutes
Bus Station 5 Minutes
Coffee Shop 5 Minutes
Interstate 5 Minutes
Multi-Use For Sale or Lease
  • Listing ID : 1001
  • Lot Area : 4.15 Acre
  • Visits : 286 in 337 days
Agent info
Absolute Investment Realty
105 Jefferson NE
Contact Agent