REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 480,000
Est. payment | /mo
8,166 SqFt
$ 480,000
Est. payment | /mo
8,166 SqFt
Key Details
Property Type Commercial
Sub Type Business & Real Estate
Listing Status Active
Purchase Type For Sale
Square Footage 8,166 sqft
Price per Sqft $58
Subdivision Tonto Basin
MLS Listing ID 91971
Year Built 1986
Annual Tax Amount $4,486
Tax Year 2024
Lot Size 1.010 Acres
Acres 1.01
Lot Dimensions irregular
Property Sub-Type Business & Real Estate
Source Central Arizona Association of REALTORS®
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.
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.
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
Listed by Realty ONE Group
Nearby Locations