Active
9,270,003 Lot Size212.81 Acres
87 Highway 87, Raton, NM 87740
Est: $9,735/moGet pre-approved
LandProperty Type
212.81 acresLot Size

Description

Prime Investment Opportunity with Highway Frontage and Mixed-Use Zoning. Unlock the potential of over 200 acres of strategically located, multi-use land just off Highway 87 a high-traffic corridor for travelers from Texas, Colorado, and New Mexico via I-25. This rare parcel offers a powerful combination of visibility, access, and zoning flexibility, making it ideal for both commercial and residential development. 60.82 acres are annexed into the city, with the frontage zoned C3 Commercial, perfect...Prime Investment Opportunity with Highway Frontage and Mixed-Use Zoning. Unlock the potential of over 200 acres of strategically located, multi-use land just off Highway 87 a high-traffic corridor for travelers from Texas, Colorado, and New Mexico via I-25. This rare parcel offers a powerful combination of visibility, access, and zoning flexibility, making it ideal for both commercial and residential development. 60.82 acres are annexed into the city, with the frontage zoned C3 Commercial, perfect for retail, services, or hospitality. The remaining acreage is designated RHZ (Residential Holding Zone), suitable for housing, agriculture, or future expansion. With city water, electric, and gas available nearby, the groundwork is set for your next major development. Whether youre planning a business park, commercial center, or residential community, this high-profile location offers limitless potential.
477 days on Market
  • Listed by: Wendy Mileta 575.707.1662 wendymileta@yahoo.com • Realty One Of New Mexico - Raton
Last updated: 08/26/2026 10:40 AM • Source: New Mexico MLS, MLS#: 20252833

Location

Listing Courtesy of Realty One Of New Mexico - Raton
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Payment Calculator

$9,735 per month

30 year fixed, 6.55% Interest

Principal and Interest

$9,657

Property Taxes

$78

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 87 Highway 87

Property Details
  • Taxes: $931 / year
  • MLS Type: Land
  • Has View: Yes
  • Has Waterfront: No
  • Zoning Description: C-3 and RHZ
Building Information
  • Lot Size: 212.81 AC
Summary
Location and General Information
  • MLS Area Major: New Mexico Mls
  • Senior Community: No
Taxes and HOA
  • Association: Yes
  • Parcel Number: 11371850701541
  • Tax Annual Amount: $931.00
School Information
  • Elementary School: None/Other
  • High School: None/Other
  • Middle Or Junior School: None/Other
Parking
  • Attached Garage: No
  • Carport: No
  • Garage: No
  • Open Parking: No
Property
Lot Information
  • Lot Size Acres: 212.81
  • Lot Size Area: 212.81
  • Lot Size Units: Acres
  • Lot Size Square Feet: 9270003.6
Property and Assessments
  • Living Area Units: Square Feet
  • New Construction: No
  • Property Attached: No
  • Property Type: Land
Farm Information
  • Horse: No
Utilities
  • Sewer: Septic Needed
  • Utilities: Cable Available, Electricity Not Available, Natural Gas Not Available
Interior and Exterior Features
Exterior Features
  • Private Pool: No
Interior Features
  • Has Cooling: No
  • Has Fireplace: No
  • Has Heating: No
  • Has Spa: No

Property History for 87 Highway 87

DateEvent & SourcePriceAppreciation
May 17, 2025

Listed (Active)

New Mexico MLS #20252833

$1,900,000
DateEvent & SourcePrice
05/17/2025

Listed (Active)

New Mexico MLS #20252833

$1,900,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 87 Highway 87

Taxable ValueLand$3,706Additions$110,056Total$113,762
Home Facts
Beds0Total Finished SqFt3,184 SqFtAbove Grade Finished SqFt3,184 SqFtLot Size43,560 SqFtStyleSingle Family ResidenceCountyCOLFAXAPN1-139-183-287-015

Schools near 87 Highway 87

This home is within Raton Public Schools.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 6
Public - 7 to 12
Rating
School
Distance
Longfellow Elementary School
PublicPK to 2

Raton Middle School
Public3 to 6

Raton High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

87 Highway 87 is a 212.81 ac of land for sale in Raton, NM 87740. This property was listed for sale on May 17, 2025 by Realty One Of New Mexico - Raton, it's currently listed at $1,900,000. This listing's school district is Raton Public Schools. Nearby schools include Longfellow Elementary School, Raton Middle School and Raton High School. 87 Highway 87 is a 0-bed, 0-bath 212.81 ac of land on a 9,270,003 sq. ft. / 212.81 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Realty One Of New Mexico - Raton

MLS Internet Data Exchange ("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, and that the data is deemed reliable but is not guaranteed accurate by the New Mexico Association of Realtors.