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249 Old Hwy 188
Tonto Basin, AZ 85553

$550,000 USD

Hotel For Sale  •  7,670 SF

Property Details

  • Property Type Hotel
  • Total Building Size 7,670 SF
  • Lot Size 1 AC
  • Building Class C
  • Year Built 1975
  • Zoning R-4
0 Transit Score
15 Walk Score

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.

Amenities

  • Restaurant
  • High Speed Internet Access
  • Patio
  • On-Site Bar
  • Public Access Wifi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 45
Type: Surface
Included in Rent: Yes
Geoffrey Adams 602-740-8428 Realty One Group Commercial
Geoffrey Adams 602-740-8428 Realty One Group Commercial