UPDATED:
Key Details
Property Type Commercial
Sub Type Business Only-No Real Estate
Listing Status Active
Purchase Type For Sale
Square Footage 8,166 sqft
Price per Sqft $97
Subdivision Tonto Basin
MLS Listing ID 92854
Year Built 1986
Annual Tax Amount $4,486
Tax Year 2024
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions irregular
Property Sub-Type Business Only-No Real Estate
Source Central Arizona Association of REALTORS®
Property Description
A 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.
Location
State AZ
County Gila
Community Tonto Basin
Area Tonto Basin
Zoning Mixed Use Comm
Direction From Beeline Highway AZ-87: Turn onto AZ-188 S. drive 13.4 mi. Turn left onto Old Hwy 188. Property is about a 1/4 mile on the left
Interior
Heating Propane
Cooling Central, Evaporative
Exterior
Exterior Feature View of Mountains
Parking Features None
Building
Dwelling Type Two Story
Others
HOA Name No
Tax ID 201-07-004
Nearby Locations
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