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Punkin Center Bar 249 Old Hwy 188 6,300 SF Retail Building Tonto Basin, AZ 85553 $795,000 ($126.19/SF) 25% Cap Rate
Investment Highlights
- Includes a rare 100-year active liquor license conveyed with the property.
- Recent capital improvements include a new propane-powered backup generator.
- New kitchen appliances have been added to improve efficiency and service capabilities.
- Turn-key offering includes inventory, operational infrastructure, and business goodwill.
- Multiple new HVAC systems, upgraded cooler, and commercial refrigeration units support daily operations.
- Popular destination for locals, Roosevelt Lake visitors, ATV enthusiasts, and horseback riders.
Executive Summary
An extraordinary investment and lifestyle opportunity awaits with this long-standing bar in Punkin Center, Arizona. Delivering an astounding 40% CAP rate (loopnet only allows me to list up to 25%, which is why there is a discrepancy,) 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.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
6,300 SF
Building Class
C
Year Built
1975
Price
$795,000
Price Per SF
$126.19
Cap Rate
25%
NOI
$198,750
Building Height
1 Story
Building FAR
0.19
Lot Size
0.75 AC
Amenities
- Restaurant
- Monument Signage
- Air Conditioning
About 249 OLD HWY 188 , TONTO BASIN, AZ 85553
This historic commercial property has served as a local landmark and gathering place for generations, offering a well-maintained facility with numerous recent capital improvements. The building features multiple newer HVAC systems, upgraded commercial cooler and refrigeration units, a dedicated propane-powered backup generator, and updated kitchen equipment that supports day-to-day operations. The property blends historic character with modern operational enhancements, reflecting ongoing investment in the facility's functionality and upkeep. Located in Punkin Center, Arizona, the property occupies a recognizable position within a popular recreation corridor that attracts residents, outdoor enthusiasts, and visitors traveling to nearby Roosevelt Lake and surrounding public lands. Its longstanding presence within the community, combined with durable infrastructure improvements and established visibility, creates a unique commercial property with a distinctive identity and enduring local recognition.
Not walkable
10/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 201-07-004D | Improvements Assessment | $79,545 |
| Land Assessment | $12,240 | Total Assessment | $91,785 |
Property Taxes
Parcel Number
201-07-004D
Land Assessment
$12,240
Improvements Assessment
$79,545
Total Assessment
$91,785
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Punkin Center Bar | 249 Old Hwy 188