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Listed by Zachary Zupan • EXP Realty • Phone: 802-430-9929
$499,000
Est. payment /mo
3 BD
3,978 SqFt
New
25 North ST Proctor, VT 05765
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UPDATED:
02/25/2025 04:46 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,978 sqft
Price per Sqft $125
MLS Listing ID 5030255
Bedrooms 3
Construction Status Existing
Year Built 1880
Annual Tax Amount $7,151
Tax Year 2024
Lot Size 5.660 Acres
Acres 5.66
Property 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!
Location
State VT
County Vt-rutland
Area Vt-Rutland
Zoning Commercial
Rooms
Basement Entrance Interior
Basement Stairs - Interior, Interior Access
Interior
Cooling Wall AC Units
Flooring Wood
Exterior
Garage Description Off-Site, On-Site, Unpaved
Utilities Available Cable - At Site, Gas - LP/Bottle, Telephone At Site, Phone
Roof Type Metal
Building
Story 2
Foundation Concrete
Sewer Public
Architectural Style Multi-Family
Construction Status Existing
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