249 Old Hwy 188 - Restaurant FOR SALE


Tonto Basin, AZ 85553
$950,000 USD
602-740-8428

NO PHOTO

$950,000 USD
Restaurant - FOR SALE
null | Request Cap Rate

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249 Old Hwy 188
Tonto Basin, AZ 85553


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$151 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Punkin Center Bar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1975

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.75 AC

LAND SF

32,670 SF

ZONING

-

APN/PARCEL ID

201-07-004D

ASK ABOUT THIS PROPERTY

Geoffrey AdamsRealty One Group CommercialMore Info
602-740-8428

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Geoffrey AdamsRealty One Group CommercialMore Info
602-740-8428

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.