$850,000
Tonto Basin, AZ 85553
MLS# 92854
1 / 50
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, 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.
Details
Maps
Contract Information
Foreclosure: No
Sale/Lease: Sale
Property Sub-Type: Business Only-No Real Estate
List Price: $850,000
Current Price: $850,000
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: 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, 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.
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: 677000
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: February - 02 - 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.
Disclaimer: All information provided is deemed reliable but is not guaranteed and should be independently verified. All property and lots are subject to prior sale. All real estate advertising placed for real properties in the United States is subject to the U.S. Federal Fair Housing Act of 1968, as amended, which makes it illegal to advertise "any preference, limitation or discrimination because of race, color, religion, sex, handicap, family status or national origin or an intention to make any such preference, limitation or discrimination."Our readers are hereby informed that all dwellings, under the jurisdiction of U.S. Federal regulations, advertised in this service are available on an equal opportunity basis.
