In 1971 Buckfastleigh became the terminus of the line when the route beyond the station was closed to allow improvements to the A38 road. Workshops have since been provided for restoring and repairing the locomotives and rolling stock used on the railway.
The goods shed has been converted to a railway museum and this is the home of Tiny the last remaining broad gauge locomotive.
The station is served by trains on all operating days of the South Devon Railway. Trains operate daily from late March to the end of October. On most days a single train set operates, providing four journeys a day in each direction. On busy days two train sets may operate, providing more journeys.