Property Description
Multi-Use Investment Property in New Mexico – Restaurant, Shop & Business Opportunities
This incredible commercial property offers endless potential for the next owner with vision. Whether you’re looking to expand a thriving restaurant, open a new shop, or develop a multi-use business, this location provides the space and flexibility to bring those ideas to life. The main building features a generous footprint with ample room for a full shop conversion, restaurant expansion, or a completely new layout tailored to your needs.
The property is fully on city utilities and includes sewer
and a grey water system, giving you a wide range of operational options.
Outside, you’ll find multiple outbuildings that provide abundant storage and
workspace—perfect for scaling, expanding, or diversifying your business. The
shop building offers especially strong potential as a welding shop or trailer
repair business due to its layout, access, and room for equipment.
Existing improvements include indoor and outdoor seating
areas, scales (not currently certified), and a variety of equipment that could
help support a restaurant operation quickly after closing. The scales will
require some repairs before they can be certified, but the infrastructure is
already in place.
Located between two of New Mexico’s warm-water lakes—both
popular tourist destinations—this property benefits from steady traffic from
visitors throughout the year. And with 2026 marking the 100th Anniversary of
Route 66, the upcoming tourist season is expected to be one of the biggest yet,
offering a rare opportunity for a new owner to immediately gain traction and
drive growth.
With its versatility, strong infrastructure, and unbeatable
location, this property truly stands ready to become whatever you want it to
be.
Property History & Background
Tucumcari Ranch Supply—now home to the well-known Watson’s BBQ—has been a staple of the Tucumcari community for over four decades. The current owners purchased the original hardware store 42 years ago and, in response to changing local needs, thoughtfully expanded and adapted the business over time. Throughout the years, the property has housed a wide range of offerings including livestock and pet feed, animal health products, tack, livestock handling equipment, gifts, clothing for all ages, a greenhouse, welding gases and supplies, well supplies and pumps, and more.
In 2008, following the national and local economic downturn,
Watson’s BBQ was added to the operation—and quickly became its strongest
anchor. The barbeque business has flourished, earning state and national
recognition through features in Travel + Leisure, New Mexico Magazine,
and online platforms such as Yelp and TripAdvisor.
Today, this property stands as a well-known Route 66
landmark with a loyal customer base and strong support from both the traveling
community and local residents. With its long-standing history, established
reputation, prime location near major recreation spots, and adaptable
commercial layout, the property offers exceptional potential for a new owner
with vision and ambition to take it into its next chapter—especially with the
milestone Route 66 centennial approaching.
About Tucumcari, New Mexico
Tucumcari, the county seat of Quay County, New Mexico, is a historic town along the iconic Route 66, known for its classic neon signs, vintage motels, and rich Southwestern heritage. Nestled in the high plains, it offers stunning views of Tucumcari Mountain and serves as a gateway to outdoor adventures like hiking, fishing, and exploring nearby state parks. With its deep ties to railroad history and a charming downtown filled with murals and museums, Tucumcari is a nostalgic stop for travelers and a welcoming community for residents.
Contact Scott Burton – Burton Realty & Auction
Scott Burton has been a dedicated real estate professional for over 14 years, serving Eastern New Mexico with a deep understanding of the community and land. His experience in agriculture and public service, combined with his auctioneering expertise, makes him uniquely equipped to guide clients in buying and selling rural properties. With a strong commitment to his roots, Scott continues to make a positive impact through his real estate work and beyond.
Contact Kaylee Mitchell – Burton Realty & Auction
Kaylee Mitchell is an emerging real estate professional specializing in homes, ranches, and farms across New Mexico. Passionate about rural charm and modern comforts, she guides clients through every step of finding their dream property, whether it’s a peaceful retreat, a working farm, or a ranch with room to grow. With fresh energy and dedication to personalized service, Kaylee is committed to helping individuals and families make their New Mexico real estate dreams a reality.
PROPERTY HIGHLIGHTS:
| commercial | shop | multi-use | Commercial Property | Restaurant & Bar |
| restraunt | retail | versatile | Historic Property | |
| route 66 | tourist-driven | Businesses for Sale | Investment & Income |
