

249 S Old Highway 188Tonto Basin, AZ 85553
Commercial · 8,166 Sq. ft. | 0.25 Acres249 S Old Highway 188 Overview
- Time on Site:
- 294 days
- Visits:
- 9
Punkin Center Bar & Restaurant Turnkey Destination Hospitality on SR-188A rare opportunity to own one of Tonto Basin's most recognized landmarks. The Punkin Center Bar & Restaurant is a full-service destination bar and restaurant on State Route 188, in the heart of the Roosevelt Lake recreation corridor in Gila County. With more than a century of operating history at this location, the property has served the community as a grocery store, a post office, and today a characterful bar, restaurant, and gathering place.The offering includes approximately 4,500 square feet of interior space plus a roughly 1,500 square foot covered patio, seating for 160-plus patrons, all situated on approximately 1.17 acres. A transferable Series 6 liquor license conveys with the transaction, a significant and hard-to-replicate asset.This is a true turnkey operation. The business, equipment, and fixtures convey, allowing a new owner to step in and continue serving a loyal base of locals, regulars, Roosevelt Lake visitors, anglers, hunters, ATV and off-road riders, and weekend metro travelers. Upside potential through extended hours, events, and expanded marketing as area tourism and recreation traffic continue to grow.Operated for roughly two decades under current ownership, this is a retirement-driven sale. Seller-carry financing may be available with at least half down, subject to qualification and terms.Detailed financials and operating history are available to qualified buyers upon execution of a confidentiality agreement.
249 S Old Highway 188 Facts & Features
- Type Commercial
- Sq. ft. 8,166
- Price/Sq.ft. $97
- Lot 0.25 Acres
Details
General
Association/HOA
- Association: No
Income/Expenses
- Net Operating Income: 100,000+
Building Information
- Year Built: 1986
Location/Region
- County Or Parish: Gila
- MLS Area Major: Tonto Basin
Tax Information
- Tax Annual Amount: 4486.00
- Tax Year: 2024
General Information
- Parcel Number: 201-07-004
- Property Sub Type: Business Only-No Real Estate
- Property Type: D
- Zoning: Mixed Use Comm
Interior
Building Interior
- Building Area Total: 8166.00
General Information
- Cooling: Central,Evaporative
- Heating: Propane
- Rooms Total: 1
Exterior
Parking Information
- Parking Total: 70.00
Lot Information
- Lot Features: Downtown,Highway Front
- Lot Size Acres: 0.25
- Lot Size Area: 2.44
- Lot Size Dimensions: irregular
Building Exterior/Construction
- Architectural Style: Two Story
- Construction Materials: Block,Wood Frame
General Information
- Exterior Features: View of Mountains
- Utilities: Electricity,Private Well,Propane Tank Leased,Septic Tank Installed
249 S Old Highway 188 Neighborhood
Community
85553 (Tonto Basin) Demographics
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.249 S Old Highway 188 Monthly Cost
249 S Old Highway 188 Market Data
Based on the last 30 days in this zip code
249 S Old Highway 188 History
| Date | Value | Agent |
|---|---|---|
| 5/15/2026Source: Central AZ - Payson Area | $795,000 -0.6% |
|
| 5/4/2026Source: Central AZ - Payson Area | $800,000 -5.9% |
|
| 11/7/2025Source: Central AZ - Payson Area | $850,000 -5.0% |
|
| 9/29/2025Source: Central AZ - Payson Area | $895,000 -5.8% |
|
| 9/8/2025Source: Central AZ - Payson Area | September 08, 2025 |