25 North Street Proctor VT Multi Family For Sale $499000

List Price: $499,000 | $125 per sq.ft. Multi Family A 2 Unit Multi Family Home
With 1 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Tuesday Feb 25, 2025 | MLS# 5030255

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603-643-3942

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Address: 25 North Street Proctor VT
Listed by Zachary Zupan EXP Realty Phone: 802-430-9929
Description:
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!

Annual Expenses

Taxes: $7,152

Income

Appliances : Water Heater � Oil | Water Heater � Owned

UNIT 1 INFORMATION

Beds: 1
Baths: 0
Rooms: 0

UNIT 2 INFORMATION

Beds: 2
Baths: 0
Rooms: 0

Construction: Wood Frame | Wood Siding
Year Built: 1880
Style: Multi-Family
Floors | Stories: 2
No. Elevators:
Total Sq.Ft. Finished: 6575
Above Grade Sq.Ft.: 3978
Basement: Stairs - Interior | Interior Access
Foundation: Concrete

Roof: Metal
Garage And Parking: Off-Site | On-Site | Unpaved
Seasonal: No

Heating: Oil | Baseboard
Cooling: Wall AC Units
Electric: Circuit Breaker(s)
Utilities: Cable - At Site | Gas - LP/Bottle | Telephone At Site | Phone
Electric Meters:
Water: Public
Sewer: Public

Additional Information
Docs Available : Deed
Taxes $7,152
Assesed Value Not Reported

Schools

5 Old Nugget Alley, Hanover, NH 03755 603-643-3942

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