● For sale

$795,000

249 S Old Highway 188, Tonto Basin, AZ 85553

Tonto Basin · Gila County

0.25 acres Built 1986 No HOA
263 days on market

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.

Property details

Interior

Bathrooms

  • Total Bathrooms: 0
  • Full Bathrooms: 0

Heating and Cooling

  • Cooling Features: Central, Evaporative
  • Heating Features: Propane
Exterior

Exterior and Lot Features

  • View of Mountains

Land Info

  • Lot Size Acres: 0.25
  • Lot Size Square Feet: 10,890
  • Lot Size Dimensions: irregular

Garage and Parking

  • Attached Garage: No
Community

Neighborhood

  • Subdivision: Tonto Basin
  • MLS Area: Tonto Basin
Listing

Other Property Info

  • Annual Tax Amount: $4,486
  • Source Listing Status: Active
  • County: Gila
  • 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
  • Property Subtype: Business Only-No Real Estate
  • Parcel Number: 201-07-004
  • Zoning: Mixed Use Comm
  • Postal City: Tonto Basin
  • Listing Date: 9/8/2025
  • On Market Date: 9/8/2025
  • MLS#: 92854
Features

Building and Construction

  • Year Built: 1986
  • Property Age: 40
  • Construction Materials: Block, Wood Frame

Utilities

  • Electricity Available
  • Septic Tank Installed
  • Private Well

Contact Us

Contact Us

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Listed by Geoffrey W Adams Realty ONE Group
geoff‌@‌agentcollective.com

Listing updated: May 15, 2026

MLS#: 92854

Listing information is provided by the Central Arizona Association of REALTORS® MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS.

Under the long-established policy of this association, the broker's compensation for services rendered in respect to any listing is solely a matter of negotiation between the broker and his or her client. The compensation paid by a listing broker to a cooperating broker in respect to any listing is established by the listing broker and is not fixed, controlled, recommended, or maintained by any person other than the listing broker.

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