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Rob & Pam Schabatka

Broker/Owner

(928) 282-4166 (o)

(928) 821-3508 (c)

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$850,000
179 Days On Site

249 S OLD HIGHWAY 188 --
Tonto Basin, AZ 85553

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
2,000
SqFt
$425
/SqFt
1986
Built
County:
Gila

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: (928) 282-4166 x 253
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(928) 282-4166 x 253
249 S OLD HIGHWAY 188 --249 S OLD HIGHWAY 188 --249 S OLD HIGHWAY 188 --249 S OLD HIGHWAY 188 --
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An extraordinary investment and lifestyle opportunity awaits with this long-standing bar in Punkin Center, Arizona. Delivering an astounding 38% CAP rate, 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.

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Listing Snapshot
Price 
$850,000
Days On Site 
179 Days
Bedrooms 
N/A
Inside Area (SqFt) 
2,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.75 Acres
Year Built 
1986
MLS® Number 
6916693
Status 
Active
Property Tax 
$4,486
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 months agoListing updated with changes from the MLS®
4 months agoPrice changed to $850,000
6 months agoListing first seen on site
General Features
Acres 
0.75
Disclosures 
None
Parking 
Private
Parking Spaces 
70
Sewer 
Septic Tank
Water Source 
PrivatePublic
Zoning 
Mixed Use Com
Interior Features
Cooling 
Central Air
Flooring 
Other
Heating 
Propane
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Exterior Features
Construction Details 
StuccoBlock
Fencing 
None
Roof 
Composition
Community Features
Township 
06N
Listing courtesy of Realty ONE Group.



All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Last checked: 2026-03-07 08:15 AM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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