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    3404 Route 66 Blvd Tucumcari, NM 88401

    For Sale
    $175,000

    High-traffic location, restaurant/cannabis potential

    Property size:
    7,436 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    312
    This 7,436 square foot commercial property, situated on a 0.99-acre lot at 3404 E ROUTE 66 Boulevard in Tucumcari, New Mexico, presents a unique investment opportunity. Zoned C-1, it's ideally suited for a restaurant or cannabis business. The property benefits from its prime location along the iconic Route 66, a corridor experiencing consistent high-volume interstate traffic. Surrounding businesses include a mix of motels, restaurants, and fuel stations, creating a synergistic environment and established customer base. The substantial 7,436 square feet offers ample space for a variety of commercial ventures, allowing for expansion or adaptation to suit specific business needs. This property's strategic location and versatile zoning make it an attractive prospect for entrepreneurs seeking a high-visibility location with significant growth potential. The asking price is $175,000. Serious inquiries are encouraged to explore this exceptional opportunity to establish a thriving business in a bustling commercial area. The property is ready for immediate occupancy and offers significant potential for return on investment.

    Property Features for 3404 Route 66 Blvd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    7,436 SF
    Lot Size
    43,124 SF
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Tucumcari
    County
    Quay
    State
    New Mexico
    Longitude
    -103.6836
    Latitude
    35.17139

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    FAQs

    What type of property is this?
    Commercial real estate - High-traffic location, restaurant/cannabis potential
    Where is this commercial real estate located?
    The property is located at 3404 Route 66 Blvd Tucumcari, NM.
    What is the asking price?
    The asking price for this property is $175,000.
    (505) 554-2213
    Request Owner's contact information
    3404 Route 66 Blvd Tucumcari, NM 88401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3404 Route 66 Blvd Tucumcari, NM 88401
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