249 S OLD HIGHWAY 188, Tonto Basin, AZ 85553 (MLS# 6916693)

249 S OLD HIGHWAY 188, Tonto Basin, AZ 85553

$800,000
Property Type: Comm/Industry Sale Square Footage: 2,000 Lot Size (sq. ft.): 32,670 Status: Active
Current Price: $800,000 List Date: 9/08/2025 Last Modified: 5/04/2026

Overview

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,

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 ...

Listing Details MLS# 6916693

Location, Tax & Legal

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
Country
US
County Code
Gila
Assessor Number
201-07-004-D
Tax Year
2024
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.

Contract Info

Ownership
Fee Simple

General Property Description

Ttl Apx SqFt Bldg
2000
# of Buildings
Yes
Year Built
1986
Uncvrd Parking Spcs
70
Zoning
Mixed Use Com

Legal Info

Township
06N
Range
10E
Section
10
Lot Number
5

Income Expenses

Gross Annual Sch Inc
677000
Net Operating Income
200000

More Information

Showing Notification Methods

Showing Service
No Showing Service Used
Text
Yes
Phone Call
Yes

Contact Info

List Agent Home Phn
602-633-5599

Currently Not Used

Sold Price Per SqFt
400

Construction

Block
Yes
Stucco
Yes
Wood Frame
Yes

Roofing

Composition
Yes

Floors

Other
Yes

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
Yes

Business Type

Restaurant
Yes
Bar/Tavern/Lounge
Yes
Other
Yes

Pmt & Rate Info

Cap Rate
23.53
Equity
850000
Total Owed
0

Lockbox Type

None
Yes

Ceiling Height

10.1 Feet to 12 Feet
Yes
14.1 Feet to 16 Feet
Yes

Heating

Propane
Yes

Cooling

Central Air
Yes
Office Evap
Yes

Interior Features

Finished
Yes

Loading Facilities

None
Yes

Exterior

Monument Sign
Yes

Source of Fincl Data

Owner
Yes

Traffic Count

Unknown
Yes

Fencing

None
Yes

Water Source

Private
Yes
Community Franchise
Yes

Freeway/Highway

Frontage
Yes

Sewer

Septic Tank
Yes

Parking Features

Private
Yes

Electric

APS
Yes

Gas

Propane Bottled
Yes

New Financing

Cash Only
Yes
1031 Exchange
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Use Restrictions

Other (See Remarks)
Yes

Reports/Disclosures

None
Yes

Environmental

None
Yes

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
IDX
Listing Office: Realty ONE Group
Last Updated: May - 04 - 2026
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