249 Old Hwy 188 - Hospitality FOR SALE


Tonto Basin, AZ 85553
$500,000 USD
602-740-8428
249 Old Hwy 188, Tonto Basin, AZ for Sale
$500,000 USD
Hospitality - FOR SALE
1/31
null | Request Cap Rate

249 Old Hwy 188
Tonto Basin, AZ 85553


OVERVIEW

Pumpkin Center Lodge - Tonto Basin's only lodging property. Exceptional investment opportunity with 10.96% cap rate on $60,256.64 NOI. Property sits on over 1 acre directly adjacent to the historic Pumpkin Center Bar (100+ year community landmark, also for sale by same owners). 13 total units in 2 buildings: single-story building with 5 units at approximately 335 sq ft each, and larger building with 8 efficiency suites at approximately 505 sq ft each featuring kitchenettes and refrigerators. All units have brand new air conditioning. On-site property manager included. Strong upside potential - property has never been marketed on Airbnb or VRBO. Opportunity to significantly increase short-term rental income or convert units to long-term leases. Beloved by local anglers and outdoor enthusiasts. Ample parking for cars, boats, and RVs. Back patio with barbecues. Turnkey operation in prime Tonto Basin location near Roosevelt Lake with year-round demand and no competing lodging nearby.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$65 USD /SF

# OF ROOMS

13

PRICE/ROOM

$38,462 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Punkin Center Lodge

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1975

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

R-4

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 Notice.