$795,000
Tonto Basin, AZ 85553
MLS# 92854
8166 sqft

1 / 50
Property Description
Punkin Center Bar & Restaurant | Turnkey Destination Hospitality on SR-188 A rare opportunity to own one of Tonto Basin's most recognized landmarks. The Punkin Center Bar & Restaurant is a full-service destination bar and restaurant on State Route 188, in the heart of the Roosevelt Lake recreation corridor in Gila County. With more than a century of operating history at this location, the property has served the community as a grocery store, a post office, and today a characterful bar, restaurant, and gathering place. The offering includes approximately 4,500 square feet of interior space plus a roughly 1,500 square foot covered patio, seating for 160-plus patrons, all situated on approximately 1.17 acres. A transferable Series 6 liquor license conveys with the transaction, a significant and hard-to-replicate asset. This is a true turnkey operation. The business, equipment, and fixtures convey, allowing a new owner to step in and continue serving a loyal base of locals, regulars, Roosevelt Lake visitors, anglers, hunters, ATV and off-road riders, and weekend metro travelers. Upside potential through extended hours, events, and expanded marketing as area tourism and recreation traffic continue to grow. Operated for roughly two decades under current ownership, this is a retirement-driven sale. Seller-carry financing may be available with at least half down, subject to qualification and terms. Detailed financials and operating history are available to qualified buyers upon execution of a confidentiality agreement.
Details
Maps
Contract Information
Foreclosure: No
Sale/Lease: Sale
Property Sub-Type: Business Only-No Real Estate
List Price: $795,000
Current Price: $795,000
List Date: 2025-09-08
List Type: Exclusive ARS
Location, Tax & Legal
Zoning: Mixed Use Comm
Taxes: 4486
Tax Year: 2024
Assessor's Book #: 201
Assessor's Map #: 07
Assessor's Parcel #: 004
APN #: 201-07-004
HOA: No
Legal Description: SECTION: 10 TOWNSHIP: 06N RANGE: 10E COM AT SE COR SEC 10, TH N ALG E LINE 1070.85'; TH S89D40'W 83.32', TH N25D19'20''W 117.91' TO POB, TH CONT N25D19'20''W 206.07', TH S89D40'W 194.18' TO A POINT ON CENTERLINE OF HWY 188, TH S3D5'40''E 187', TH N89D40'E 272.23' TO POBSUBJ TO EASEMENT 1.00 AC M/L 350/417 387/805 388/933 564/468
Street #: 249
Direction: S
Street Name: Old Highway 188
State: AZ
Zip Code: 85553
Area: Tonto Basin
Sub Code: Tonto Basin
County: Gila
Location
Downtown: 1
Highway Front: 1
General Property Description
Acres: 0.25
Lot Dimensions: irregular
# Parking Spaces: 70
Land Size: 2.44
Building Size: 8166
# of Tenants: 1 - 4
Vacancy %: 50
Year Built: 1986
Remarks & Misc
Directions: From Beeline Highway AZ-87: Turn onto AZ-188 S. drive 13.4 mi. Turn left onto Old Hwy 188. Property is about a 1/4 mile on the left
Public Remarks: Punkin Center Bar & Restaurant | Turnkey Destination Hospitality on SR-188
A rare opportunity to own one of Tonto Basin's most recognized landmarks. The Punkin Center Bar & Restaurant is a full-service destination bar and restaurant on State Route 188, in the heart of the Roosevelt Lake recreation corridor in Gila County. With more than a century of operating history at this location, the property has served the community as a grocery store, a post office, and today a characterful bar, restaurant, and gathering place.
The offering includes approximately 4,500 square feet of interior space plus a roughly 1,500 square foot covered patio, seating for 160-plus patrons, all situated on approximately 1.17 acres. A transferable Series 6 liquor license conveys with the transaction, a significant and hard-to-replicate asset.
This is a true turnkey operation. The business, equipment, and fixtures convey, allowing a new owner to step in and continue serving a loyal base of locals, regulars, Roosevelt Lake visitors, anglers, hunters, ATV and off-road riders, and weekend metro travelers. Upside potential through extended hours, events, and expanded marketing as area tourism and recreation traffic continue to grow.
Operated for roughly two decades under current ownership, this is a retirement-driven sale. Seller-carry financing may be available with at least half down, subject to qualification and terms.
Detailed financials and operating history are available to qualified buyers upon execution of a confidentiality agreement.
Currently Not Used
Total Rooms: 1
To Show
Showing Service Name: None
Income/Sales Info
Net Operating Income: 100,000+
Cap Rate: 9 - 9.9%
Down Payment: CLO
Gross Sales: 540026.76
Improvements: CLO
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: No
Cash to Assume: 0
Ttl Pmt after Assmpt: 0
Construction
Wood Frame: 1
Block: 1
Type/Style
Two Story: 1
Garage/Carport
None: 1
Exterior Features
View of Mountains: 1
Roof
N/A - Other: Composition
Utilities Available
Electricity: 1
Propane Tank Leased: 1
Private Well: 1
Septic Tank Installed: 1
Heating
Propane: 1
Possession
At Close of Escrow: 1
Owner May Sell/Terms
Cash: 1
Conventional: 1
1031 Exchange: 1
Cooling
Central: 1
Evaporative: 1
Documents on File
Balance Sheet: 1
Exist. Finance Fees
Free & Clear: 1
Management
Owner/Family: 1
Form of Ownership
Partnership: 1
Sale Price Includes
Business: 1
Building: 1
Land: 1
Fixtures: 1
Equipment: 1
Inventory: 1
Training: 1
Personal Property: 1
Business Trade Name: 1
Motel Includes
Bar: 1
Restaurant: 1
Land: 1
Avg Room Rent/Night
81 - 100: 1
101 - 150: 1
Training
Two Weeks: 1
General Land Info
Land Fee: 1
Occupancy
Owner Occupied: 1
Status Change Info
Status: Active
Property Features
Location: Downtown; Highway Front
Construction: Wood Frame; Block
Exterior Features: View of Mountains
Cooling: Central; Evaporative
Heating: Propane
Utilities Available: Electricity; Propane Tank Leased; Private Well; Septic Tank Installed
Possession: At Close of Escrow
Documents on File: Balance Sheet
Management: Owner/Family
Form of Ownership: Partnership
Sale Price Includes: Business; Building; Land; Fixtures; Equipment; Inventory; Training; Personal Property; Business Trade Name
Motel Includes: Bar; Restaurant; Land
Training: Two Weeks
General Land Info: Land Fee
Occupancy: Owner Occupied
IDX
Listing Office: Realty ONE Group
Last Updated: June - 12 - 2026
All information is deemed reliable but not guaranteed. The listings on this site are displayed courtesy of the IDX program of Central Arizona BOR and may not be the listings of the site owner.
