502 Lake St, Tucumcari, NM 88401
This exceptional 1.16-acre commercial property at 502 S Lake Street, Tucumcari, New Mexico, 88401, presents a unique investment opportunity. Built in 1980, this versatile property encompasses land, office, retail, and industrial space, currently housing a thriving farm and ranch supply store, a highly-rated barbeque restaurant (Watson's Barbeque, ranked 13th in a 2018 Travel + Leisure article), and a gift shop. The existing business, operating for over 36 years, boasts a diverse inventory including farm and ranch supplies, clothing, footwear, home décor, western goods, and a selection of meats and other food items. The business also benefits from a strong online presence and 5-star TripAdvisor reviews. The property's location in Quay County offers excellent visibility and access, making it ideal for continued operation of the existing business or redevelopment to suit a variety of commercial ventures. The asking price is $600,000. This is a rare chance to acquire a well-established, multi-faceted business with significant potential for growth and return on investment.
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Watson's BBQ Restaurant
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Tucumcari Ranch & Farm Supply home of Watson's BBQ Department Store Grocery & Convenience Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.