$480,000
Tonto Basin, AZ 85553
MLS# 91971
8166 sqft

1 / 34
Property Description
Rare lodging investment in the heart of Tonto Basin, on State Route 188 in the Roosevelt Lake recreation corridor of Gila County. The Punkin Center Lodge is an established 13-room operating lodge across two buildings, offering rare lodging inventory in a year-round outdoor recreation destination with limited direct competition nearby. The property sits on approximately 1.015 acres and includes roughly 5,670 square feet of improvements across two buildings. Building one offers five units. Building two features eight efficiency suites of approximately 500 square feet each, with kitchenettes and refrigerators. Every guest room has brand new split-system air conditioning installed within the last two years. The lodge is sold furnished and turnkey, with room inventory conveying, allowing a new owner to step in and continue operating from day one. Beyond the guest rooms, the property is set up to serve the outdoor-recreation traveler. Amenities include a staff laundry room, a propane barbecue area, and ample parking for cars, boats, trailers, and RVs. An on-site manager resides on the property and assists with day-to-day operations. The lodge is served by a shared well under a recorded water-sharing agreement. Located between Roosevelt Lake and Payson within the Tonto National Forest, the lodge draws a broad, year-round customer base: Roosevelt Lake visitors, anglers, hunters, ATV and off-road users, contractors, seasonal tourists, and local travelers. Guests are drawn by the area's outdoor recreation, the appeal of getting out of the city, and the convenience of a full-service bar and restaurant directly across the parking lot. Weekend traffic skews more touristy, while weekday traffic often includes contractors working in the region. The property also benefits from annual group events, area festivals, and a strong base of repeat clientele. The lodge has never been marketed on Airbnb or VRBO, leaving meaningful upside in short-term rental income, revenue management, expanded tourism exposure, or conversion to long-term leases. Established booking and reservation systems and data convey with the business. This is a turnkey hospitality asset with real operating history in one of Arizona's most active recreation corridors. Reservations are managed in house, with cleaning handled by a dedicated crew. Seller-carry financing may be available with at least half down, subject to qualification and terms. The property is unlikely to qualify for SBA or conventional bank financing. Detailed financials, occupancy and reservation history, and operating statements are available to qualified investors upon execution of a confidentiality and non-disclosure agreement. All supporting due diligence documents are provided during the buyer due diligence period.
Details
Maps
Status Change Info
Seller Concess to Buyer: $0
Status: Active
Contract Information
Foreclosure: No
Sale/Lease: Sale
Property Sub-Type: Business & Real Estate
List Price: $480,000
Current Price: $480,000
List Date: 2025-04-07
List Type: Exclusive ARS
Location, Tax & Legal
Zoning: Mixed Use Comm
Taxes: 4486
Tax Year: 2024
Assessor's Book #: 201
Assessor's Map #: 07
Assessor's Parcel #: 004
APN #: 201-07-004
HOA: No
Legal Description: SECTION: 10 TOWNSHIP: 06N RANGE: 10E COM AT SE COR SEC 10, TH N ALG E LINE 1070.85'; TH S89D40'W 83.32', TH N25D19'20''W 117.91' TO POB, TH CONT N25D19'20''W 206.07', TH S89D40'W 194.18' TO A POINT ON CENTERLINE OF HWY 188, TH S3D5'40''E 187', TH N89D40'E 272.23' TO POBSUBJ TO EASEMENT 1.00 AC M/L 350/417 387/805 388/933 564/468
Street #: 249
Street Name: Old Hwy 188
State: AZ
Zip Code: 85553
Area: Tonto Basin
Sub Code: Tonto Basin
County: Gila
Location
Downtown: 1
Highway Front: 1
General Property Description
Acres: 1.01
Lot Dimensions: irregular
# Parking Spaces: 70
Land Size: 2.44
Building Size: 8166
# of Tenants: 1 - 4
Vacancy %: 50
Year Built: 1986
Remarks & Misc
Directions: 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
Public Remarks: Rare lodging investment in the heart of Tonto Basin, on State Route 188 in the Roosevelt Lake recreation corridor of Gila County. The Punkin Center Lodge is an established 13-room operating lodge across two buildings, offering rare lodging inventory in a year-round outdoor recreation destination with limited direct competition nearby.
The property sits on approximately 1.015 acres and includes roughly 5,670 square feet of improvements across two buildings. Building one offers five units. Building two features eight efficiency suites of approximately 500 square feet each, with kitchenettes and refrigerators. Every guest room has brand new split-system air conditioning installed within the last two years. The lodge is sold furnished and turnkey, with room inventory conveying, allowing a new owner to step in and continue operating from day one.
Beyond the guest rooms, the property is set up to serve the outdoor-recreation traveler. Amenities include a staff laundry room, a propane barbecue area, and ample parking for cars, boats, trailers, and RVs. An on-site manager resides on the property and assists with day-to-day operations. The lodge is served by a shared well under a recorded water-sharing agreement.
Located between Roosevelt Lake and Payson within the Tonto National Forest, the lodge draws a broad, year-round customer base: Roosevelt Lake visitors, anglers, hunters, ATV and off-road users, contractors, seasonal tourists, and local travelers. Guests are drawn by the area's outdoor recreation, the appeal of getting out of the city, and the convenience of a full-service bar and restaurant directly across the parking lot. Weekend traffic skews more touristy, while weekday traffic often includes contractors working in the region. The property also benefits from annual group events, area festivals, and a strong base of repeat clientele.
The lodge has never been marketed on Airbnb or VRBO, leaving meaningful upside in short-term rental income, revenue management, expanded tourism exposure, or conversion to long-term leases. Established booking and reservation systems and data convey with the business.
This is a turnkey hospitality asset with real operating history in one of Arizona's most active recreation corridors. Reservations are managed in house, with cleaning handled by a dedicated crew. Seller-carry financing may be available with at least half down, subject to qualification and terms. The property is unlikely to qualify for SBA or conventional bank financing.
Detailed financials, occupancy and reservation history, and operating statements are available to qualified investors upon execution of a confidentiality and non-disclosure agreement. All supporting due diligence documents are provided during the buyer due diligence period.
Currently Not Used
Total Rooms: 11
To Show
Showing Service Name: None
Income/Sales Info
Net Operating Income: 11,000 - 15,999
Cap Rate: 1 - 4.9%
Down Payment: CLO
Gross Sales: 128055.73
Improvements: CLO
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: No
Cash to Assume: 0
Ttl Pmt after Assmpt: 0
Construction
Wood Frame: 1
Block: 1
Type/Style
Two Story: 1
Garage/Carport
None: 1
Exterior Features
View of Mountains: 1
Roof
N/A - Other: Composition
Utilities Available
Electricity: 1
Propane Tank Leased: 1
Private Well: 1
Septic Tank Installed: 1
Heating
Propane: 1
Possession
At Close of Escrow: 1
Owner May Sell/Terms
Cash: 1
Conventional: 1
1031 Exchange: 1
Cooling
Central: 1
Evaporative: 1
Documents on File
Balance Sheet: 1
Exist. Finance Fees
Free & Clear: 1
Management
Owner/Family: 1
Form of Ownership
Partnership: 1
Sale Price Includes
Business: 1
Building: 1
Land: 1
Fixtures: 1
Equipment: 1
Inventory: 1
Training: 1
Personal Property: 1
Business Trade Name: 1
Motel Includes
Bar: 1
Restaurant: 1
Land: 1
Avg Room Rent/Night
81 - 100: 1
101 - 150: 1
Training
Two Weeks: 1
General Land Info
Land Fee: 1
Occupancy
Owner Occupied: 1
Property Features
Location: Downtown; Highway Front
Construction: Wood Frame; Block
Exterior Features: View of Mountains
Cooling: Central; Evaporative
Heating: Propane
Utilities Available: Electricity; Propane Tank Leased; Private Well; Septic Tank Installed
Possession: At Close of Escrow
Documents on File: Balance Sheet
Management: Owner/Family
Form of Ownership: Partnership
Sale Price Includes: Business; Building; Land; Fixtures; Equipment; Inventory; Training; Personal Property; Business Trade Name
Motel Includes: Bar; Restaurant; Land
Training: Two Weeks
General Land Info: Land Fee
Occupancy: Owner Occupied
IDX
Listing Office: Realty ONE Group
Last Updated: June - 12 - 2026
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