List Price: $599,000 | $151 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# 5030272
With 1 One Bedroom Units , 1 - Two Bedroom Units ,0 - Three Bedroom Units
Date Listed Tuesday Feb 25, 2025 | MLS# 5030272
To see this Listing
Address: 25 & 31 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 almost 4000 square foot building, complete with two income producing apartments, sits on a 16.78 Acres of land constituting two separate parcels: 5.66 of which host the restaurant/multi-family business, and 11.12-Acres which include the historic Sutherland Falls Quarry, whose unique beauty opens the door to several other income possibilities (such as expanded outdoor catering capabilities and residential development/subdivision). The Restaurant and Multi-family building are available with just the 5.66 acres alone for $499,000, found at MLS#5030231. 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: $7,481
Taxes: $7,481
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
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
Exterior Color: Beige
Roof: Metal
Garage And Parking: Off-Site | On-Site | Unpaved
Seasonal: No
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
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
Land Information
Hilly | Landscaped | Mountain View | Pond | Pond Frontage | Pond Site | Sloping | Steep | View | Water View | Waterfront | Wooded | In Town | Mountain | Neighborhood
Lot size: 16.78 acres
Zoned: Commercial)
Surveyed: Unk
Flood Zone: No
Road Frontage: 1698
Driveway: Dirt
Hilly | Landscaped | Mountain View | Pond | Pond Frontage | Pond Site | Sloping | Steep | View | Water View | Waterfront | Wooded | In Town | Mountain | Neighborhood
Lot size: 16.78 acres
Zoned: Commercial)
Surveyed: Unk
Flood Zone: No
Road Frontage: 1698
Driveway: Dirt
Additional Information
Docs Available : Deed
Taxes $7,481
Assesed Value Not Reported
Docs Available : Deed
Taxes $7,481
Assesed Value Not Reported
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