25 North Street Proctor, Vermont - For Sale

25 North Street Proctor, Vermont 05765 MLS# 5030255

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For Sale Status

$499,000 List Price

Multi Type

3 Beds

0 Baths

3,978 Sqft

Listed By Zachary Zupan of EXP Realty
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Franklin’s Restaurant has been a generational gathering place in the historic town of Proctor, attracting a loyal local following with its small town warmth and welcoming atmosphere reminiscent of a certain popular TV show. Anchoring an important part of the town’s social life, the over 4000 square foot building, complete with two income producing apartments, sits on a 5.66 Acre parcel. This opportunity can also be purchased for a total of $599,000 with the addition of the contiguous 11.12-Acre property, the historic Sutherland Falls Quarry, whose unique beauty opens the door to several other income possibilities. These would include expanded outdoor catering capabilities and residential development/subdivision. The Restaurant and Multi-family building are available with just the 5.66 acres alone as listed here for $499,000. The Restaurant itself, with innumerable upgrades (list found separately) seats 72 people plus outdoor seating and is a complete and functioning turnkey operation with a loyal staff, convivial atmosphere, wood floors, pool table, attractive bar and state of the art kitchen. Inventory and all furnishings are included in the transfer. Come inspect this promising opportunity today!

Property Location

25 North Street Proctor

Property Details

List Price  499,000 Bedrooms  3 Garage Size   Car
Cooperation Fee  Unknown Total Bathrooms  0 Year Built  1880
MLS#  5030255 Lot Size  5.66 Acres Taxes $7,152
Type  Multi-Family Days on Market  484 Days Tax Year 2024
Units  2 Stories  2 Road Frontage  1122
Annual Income  $0 Style  Mountain Water Frontage  
Annual Expenses  $0 Finished  3,978 Sqft Construction  No, Existing
Zoning   Commercial Above Grade  3,978 Sqft Seasonal  No
Total Rooms  3 Below Grade  0 Sqft List Date  Feb 25th, 2025
Gross Income  $0 Operating Expenses  $0 Net Income  $0
Expenses Includes 
Unit 1   1 Beds, Baths, $0/Mo Unit 2   2 Beds, Baths, $0/Mo
Construction
BasementInterior, Interior Stairs, Interior Access
Interior Features
Exterior Features
Exterior   Disability Features  
Foundation  Concrete House Color  
Floors  Wood Building Certifications  
Roof  Metal HERS Index  
DirectionsAt the end of Main Street, take a left onto North Street and the parking lot in front of the restaurant.
Lot Description, Mountain, Wooded, In Town, Neighborhood
Garage & Parking  No
Road Frontage  1122 Water Access  
Driveway  Dirt Water Type  
Flood Zone  Unknown Water Body  
Zoning  Commercial
School District  NA Middle  
Elementary   High  
Heat Fuel  , Oil Excluded  
Heating/Cool  Wall AC Units, Baseboard Negotiable  
Sewer  Public Parcel Access ROW  
Water   ROW for Other Parcel  
Water Heater   Financing  
Cable Co   Documents  Deed
Electric  Circuit Breaker Tax ID  498-157-10726
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† The remarks published on this webpage originate from Listed By Zachary Zupan of EXP Realty via the PrimeMLS IDX Program and do not represent the views and opinions of Coldwell Banker Hickok & Boardman. Coldwell Banker Hickok & Boardman cannot be held responsible for possible violations of copyright resulting from the posting of any data from the PrimeMLS IDX Program.