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285 Old Highway 188 Tonto Basin, AZ 85553

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For Sale
$550,000

Tonto Basin lodging property with strong income potential.

Property size:
13,262 SF
Lot size:
0.25 Acres

Property Features for 285 Old Highway 188

General Information

Standard status
Active
Size
13,262 SF
Lot size
0.25 Acres

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Listing Contact
Geoffrey Adams
Source: Crexi

Listing Agency: Realty ONE Group Listing Agent: Geoffrey Adams

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Tonto Basin Lodge Investment Opportunity

The Pumpkin Center Lodge presents an investment opportunity as Tonto Basin's only lodging property. The property has a 10.96% cap rate on $60,256.64 NOI. Situated on over 1 acre, it is directly adjacent to the historic Pumpkin Center Bar. The lodge comprises 13 units in two buildings. One building is a single-story structure with 5 units, each approximately 335 sq ft. The other building contains 8 efficiency suites, each approximately 505 sq ft, equipped with kitchenettes and refrigerators. All units feature new air conditioning. An on-site property manager is included. There is potential to increase short-term rental income or convert units to long-term leases. The property is popular with local anglers and outdoor enthusiasts. Ample parking is available for cars, boats, and RVs. A back patio with barbecues is included. This is a turnkey operation in a prime Tonto Basin location near Roosevelt Lake, with year-round demand and no competing lodging nearby.
Location Intelligence

Current Use by Public Records

Motels

Map

City
Tonto Basin
County
Gila
State
Arizona
Longitude
-111.315599
Latitude
33.877073

FAQs

What type of property is this?
Motel - Tonto Basin lodging property with strong income potential.
Where is this motel located?
The property is located at 285 Old Highway 188 Tonto Basin, AZ.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: - Enjoy a **10.96% cap rate on $60,256.64 NOI (Net Operating Income)**; - **Turnkey operation in prime Tonto Basin location** near Roosevelt Lake with year-round demand and no competing lodging nearby; - Strong upside potential through Airbnb/VRBO marketing or conversion to long-term leases
More about this property
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