Listing provided courtesy of Realty ONE Group- MLS# 92854MLS Provider

249 S Old Highway 188Tonto Basin, AZ 85553

Commercial · 8,166 Sq. ft. | 0.25 Acres
$795,000 Active

249 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.

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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

65
Median Age
6
Population Density (per sq. mile)
18%
College Educated
$42,377
Estimated Median Income
861
Estimated Total Home Owners
148
Estimated Total Renters
85% / 15%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

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

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

249 S Old Highway 188 Market Data

Based on the last 30 days in this zip code

$378,363
Average List Price
$254
Average Price per Square Foot
2
Properties Sold
107
Average Days on Market
74
Properties for Sale
Calculations provided by Reliance Network

249 S Old Highway 188 History

Date Event Value Agent
5/15/2026Source: Central AZ - Payson Area Price Reduction
$795,000 -0.6%
5/4/2026Source: Central AZ - Payson Area Price Reduction
$800,000 -5.9%
11/7/2025Source: Central AZ - Payson Area Price Reduction
$850,000 -5.0%
9/29/2025Source: Central AZ - Payson Area Price Reduction
$895,000 -5.8%
9/8/2025Source: Central AZ - Payson Area Added to Database
September 08, 2025