$850,000
249 S OLD HIGHWAY 188
Tonto Basin, AZ 85553
MLS# 6916693



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Property Description
An extraordinary investment and lifestyle opportunity awaits with this long-standing bar in Punkin Center, Arizona. Delivering an astounding 38% CAP rate, this figure is accurate and supported by 363,000 in built-in income, making it one of the strongest cash-flowing properties available anywhere. The current owners, who have lovingly operated this establishment for over 20 years, are retiring and seeking the right buyer to carry forward the legacy. A 100-year-old liquor license and full inventory are available for purchase in addition to the property, providing the buyer with a complete turn-key opportunity. The building itself has received significant upgrades, including a dedicated propane-powered generator, multiple new air conditioning systems,

Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $850,000
List Price: $850,000
Status: Active
List Date: 2025-09-08
Location, Tax & Legal
Assessor's Map #: 7
Legal Description (Abbrev): SECTION: 10 TOWNSHIP: 06N RANGE: 10E COM AT SE COR SEC 10, TH N ALG E LINE 1070.85'; TH S89D40'W 83.
Assessor's Parcel #: 4
Assessor Parcel Ltr: D
Add'l Parcels: No
Tax Municipality: Gila - COUNTY
Census Tract: 700
Taxes: 4486
Legal: SECTION: 10 TOWNSHIP: 06N RANGE: 10E COM AT SE COR SEC 10, TH N ALG E LINE 1070.85'; TH S89D40'W 83.
House Number: 249
Compass: S
Street Name: OLD HIGHWAY 188
St Suffix: --
City/Town Code: Tonto Basin
State/Province: AZ
Zip Code: 85553
Zip4: 1725
County Code: Gila
Assessor Number: 201-07-004-D
Tax Year: 2024
General Property Description
Ttl Apx SqFt Bldg: 2000
# of Buildings: 1
Uncvrd Parking Spcs: 70
Year Built: 1986
Zoning: Mixed Use Com
Currently Not Used
Sold Price Per SqFt: 425
Legal Info
Range: 10E
Section: 10
Township: 06N
Lot Number: 5
Construction
Block: 1
Stucco: 1
Wood Frame: 1
Roofing
Composition: 1
Floors
Other: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 4486
Other Income: 0
Vacancy Allowance: 0.3
Adjusted Gross Inc: 473900
Building Type
Commercial: 1
Business Type
Restaurant: 1
Bar/Tavern/Lounge: 1
Other: 1
Pmt & Rate Info
Cap Rate: 23.53
Equity: 850000
Total Owed: 0
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Phone Call: 1
Lockbox Type
None: 1
Ceiling Height
10.1 Feet to 12 Feet: 1
14.1 Feet to 16 Feet: 1
Heating
Propane: 1
Cooling
Central Air: 1
Office Evap: 1
Interior Features
Finished: 1
Loading Facilities
None: 1
Exterior
Monument Sign: 1
Source of Fincl Data
Owner: 1
Traffic Count
Unknown: 1
Fencing
None: 1
Water Source
Private: 1
Community Franchise: 1
Freeway/Highway
Frontage: 1
Sewer
Septic Tank: 1
Parking Features
Private: 1
Electric
APS: 1
Gas
Propane Bottled: 1
New Financing
Cash Only: 1
1031 Exchange: 1
Existing 1st Loan
Treat as Free&Clear: 1
Existing 2nd Loan
Treat as Free&Clear: 1
Existing 3rd Loan
Treat as Free&Clear: 1
Use Restrictions
Other (See Remarks): 1
Reports/Disclosures
None: 1
Environmental
None: 1
Contact Info
List Agent Home Phn: 602-633-5599
Remarks Misc
Geo Lat: 33.873543
Geo Lon: -111.314184
Income Expenses
Gross Annual Sch Inc: 677000
Net Operating Income: 200000
Property Features
Building Type: Commercial
Business Type: Restaurant; Bar/Tavern/Lounge; Other
Construction: Block; Stucco; Wood Frame
Roofing: Composition
Floors: Other
Ceiling Height: 10.1 Feet to 12 Feet; 14.1 Feet to 16 Feet
Heating: Propane
Cooling: Central Air; Office Evap
Loading Facilities: None
Interior Features: Finished
Exterior: Monument Sign
Fencing: None
Parking Features: Private
Electric: APS
Gas: Propane Bottled
Water Source: Private; Community Franchise
Sewer: Septic Tank
New Financing: Cash Only; 1031 Exchange
Showing Notification Methods: Text; Phone Call
Lockbox Type: None
Source of Fincl Data: Owner
Existing 1st Loan: Treat as Free&Clear
Existing 2nd Loan: Treat as Free&Clear
Existing 3rd Loan: Treat as Free&Clear
Traffic Count: Unknown
Use Restrictions: Other (See Remarks)
Environmental: None
Supplements
and modernized commercial refrigeration units. This bar has been the soul of the local community for more than a century, welcoming generations of families, travelers, and outdoor adventurers. Positioned at the hub of Arizona's outdoor playground, this is more than a business. It is a lifestyle. Expect to see ATVs and saddled horses in the parking lot, as it is a favored gathering place for those with a spirit for the wild west. Whether serving locals, anglers from Roosevelt Lake, or visitors escaping the city for a weekend, this establishment stands as a true community cornerstone. The sellers have poured their hearts into this venue and will only pass it on to someone who can respect its history and continue to grow the community around it. Opportunities like this, where business success and cultural heritage align, are rare. This is your chance to step into a legendary community hub and carry its story forward for decades to come.

IDX
Listing Office: Realty ONE Group

Last Updated: March - 30 - 2026

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