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$460,000
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Property Description
Pumpkin Center Lodge - Tonto Basin's only lodging property. Exceptional investment opportunity with 10.96% cap rate on $60,256.64 NOI. Property sits on over 1 acre directly adjacent to the historic Pumpkin Center Bar (100+ year community landmark, also for sale by same owners). 13 total units in 2 buildings: single-story building with 5 units at approximately 335 sq ft each, and larger building with 8 efficiency suites at approximately 505 sq ft each featuring kitchenettes and refrigerators. All units have brand new air conditioning. On-site property manager included. Strong upside potential - property has never been marketed on Airbnb or VRBO. Opportunity to significantly increase short-term rental income or convert units to long-term leases. Beloved by local anglers and outdoor enthusiasts. Ample parking for cars, boats, and RVs. Back patio with barbecues. Turnkey operation in prime Tonto Basin location near Roosevelt Lake with year-round demand and no competing lodging nearby.
Full Property Details
Full Property Details for 249 S Old Hwy 188 --
General
- Sold For: $460,000
- Taxes: $4,470 (2025)
- Status: Closed
- Type: Commercial
- Source: ARMLS_Arizona_MLS_Phoenix_Area
- MLS ID: 7001845
- Added to Site: 208 day(s) ago
Business
- Business Type: Bar/Tavern/Lounge, Other, Restaurant
Interior
- Flooring: Other
Parking
- Parking Features: Private
Location
- County: Gila
- Township: 06N
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air, Evaporative Cooling
- Heating Type: Propane
Utilities
- Water: Private, Community Franchise
Structural Information
- # Buildings: 3
- Structure Type: Commercial
- Exterior Const.: Wood Frame, Stucco, Block
- Roof: Composition
- Year Built: 1986
Unit Information
- Vacancy %: .3
Lot Features
- Lot Size (Acres): 1.02
- Lot Size (Sq. Ft.): 44,218
- Zoning: Mixed Use Com
- Fencing (Description): None
Financial Considerations
- Tax Amount: $4,470
- Tax Year: 2025
Disclosures and Reports
- Legal Description: SECTION: 10 TOWNSHIP: 06N RANGE: 10E COM AT SE COR SEC 10, TH N ALG E LINE 1070.85'; TH S89D40'W 83.
- Property ID: 201-07-004-D
- Range: 10E
- Section: 10
- Lot Number: 5
Listed and Sold by Realty ONE Group
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Schools
Schools serving 249 S Old Hwy 188 --
School District:Tonto Basin Elementary District
| Name | Grades | Distance |
|---|---|---|
Tonto Basin Elementary School 445 S. Old Hwy 188, Tonto Basin, AZ 85553 | K-8 | 0.2 mi |
Payson High School 301 North McLane Road, Payson, AZ 85541 | 9-12 | 25 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 249 S Old Hwy 188 --
Date
Details
Price
Change
Source
9/17/2026
Sold
$460,000
-4.17%
MLS
5/04/2026
Price Reduced
$480,000
-12.73%
MLS
3/20/2026
Listed
$550,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
249 S Old Highway 188 --, Tonto Basin, AZ 85553 (MLS# 7001845) is a Commercial property that was sold at $460,000 on September 17, 2026. Want to learn more about 249 S Old Highway 188 --? Do you have questions about finding other Commercial real estate for sale in Tonto Basin? You can browse all Tonto Basin real estate or contact a Coldwell Banker agent to request more information.

