53
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$950,000
Est. payment /mo
0.75 Acres Lot
New
249 S OLD HIGHWAY 188 -- Tonto Basin, AZ 85553
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 6916693
Year Built 1986
Annual Tax Amount $4,486
Tax Year 2024
Lot Size 0.750 Acres
Acres 0.75
Source Arizona Regional Multiple Listing Service (ARMLS)
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.
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.
Location
State AZ
County Gila
Zoning Mixed Use Com
Interior
Heating Propane
Cooling Central Air, Office Evap
Flooring Other
Exterior
Parking Features Private
Fence None
Roof Type Composition
Private Pool No
Building
Dwelling Type Commercial
Sewer Septic Tank
Water Private, Community Franchise
New Construction No
Others
Senior Community No
Tax ID 201-07-004-D
Disclosures None
Copyright 2025 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Listed by Realty ONE Group
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