249 S OLD HIGHWAY 188 --
Tonto Basin, AZ, 85553 $ 795,000
Bedrooms-- Baths-- Sq 2,000 Monthly Estimate*
$ 5,020
for $795,000. This 2,000 square foot building was built in 1986 on a lot size of 0.75.
Own one of Tonto Basin's most recognized landmarks on SR-188 in the Roosevelt Lake corridor. The Punkin Center Bar & Restaurant has 100-plus years of history at this location, serving as a former grocery store and post office. Approximately 4,500 SF interior plus a 1,500 SF covered patio, seating for 160-plus, on about 1.17 acres. A transferable Series 6 liquor license conveys, a hard-to-replicate asset. Turnkey: business, equipment, and fixtures convey. Loyal base of locals, lake visitors, anglers, hunters, and off-road riders, with upside through extended hours, events, and marketing. Roughly two decades under current ownership, retirement-driven sale. Detailed financials available to qualified buyers under a confidentiality agreement. 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.
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FeaturesGeneralSewer Septic Tank
Heating Propane
Cooling Central Air Office Evap
Roof Composition
Zoning Mixed Use Com
Construction Materials Wood Frame Stucco Block
Year Built 1986
Electric APS
Township 06N
Tax Year 2024
Ownership Fee Simple Fee Simple
Gross Income 378.0
Business Type Bar/Tavern/Lounge Other Restaurant
County Gila
Net Operating Income 79014.0
Operating Expense 4486.0
New Construction N
Property Type Comm/Industry Sale
Attached Garage N
Status Active
City Tonto Basin
Disclosures None
Open Parking Spaces 70.0
Lot Size Units Square Feet
Lot Size Square Feet 32670.0
Carport Y/N N
Tax Annual Amount 4486.0
Lease Renewal Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Structure Type Commercial
Standard Status Active
Occupancy Type Owner
Tax Lot 5
Cap Rate 9.94
Senior Community N
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InteriorFlooring Other
Air Conditioning Y/N Y
Heating Y/N Y
Total Baths 0
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ExteriorFencing None
Parking Features Private
Water Source Private Community Franchise
Total Parking 70.0
Lot Size Area 32670.0
Number of Buildings 1
Spa N
Lot Size Acres 0.75
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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* Excluded FeaturesList Bygeoff@agentcollective.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $5,020
- Monthly Property Taxes
- $374
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Tonto Basin, AZ
Average List Price $570,667
Percent of Sale Price 28%
About Tonto Basin, AZ 1,565 Population
87% Since 2002
$ 35,746 Median Income
65.85 Median Age
4% Households with Children
Trends Information provided by ATTOM Data Solutions.
260072 Elementary School
263420 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 5/15/2026 | $795,000 | -0.63% | Price Down |
| 5/4/2026 | $800,000 | -5.88% | Price Down |
| 11/7/2025 | $850,000 | -5.03% | Price Down |
| 9/29/2025 | $895,000 | -5.79% | Price Down |
| 9/8/2025 | $950,000 | | Listed Price |