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!
Active
Listed by:
Zachary Zupan,
EXP Realty Phone:802-430-9929,
Lawrence Zupan,
EXP Realty
$499,000
25 North Street, Proctor, VT 05765
3beds
--baths
3,978sqft
Est.:
Multi Family
Built in 1880
-- sqft lot
$-- Zestimate®
$125/sqft
$-- HOA
What's special
Pool tableAttractive barWood floorsOutdoor seating
- 288 days |
- 131 |
- 8 |
Zillow last checked: 8 hours ago
Listing updated: September 25, 2025 at 01:51pm
Listed by:
Zachary Zupan,
EXP Realty Phone:802-430-9929,
Lawrence Zupan,
EXP Realty
Source: PrimeMLS,MLS#: 5030255
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
Heating
- Oil, Baseboard
Cooling
- Wall Unit(s)
Appliances
- Included: Oil Water Heater, Owned Water Heater
Features
- Flooring: Wood
- Basement: Interior Stairs,Interior Access,Interior Entry
Interior area
- Total structure area: 6,575
- Total interior livable area: 3,978 sqft
- Finished area above ground: 3,978
- Finished area below ground: 0
Property
Parking
- Parking features: Dirt, Off Site, On Site, Unpaved
Features
- Levels: Two
- Has view: Yes
- View description: Mountain(s)
- Frontage length: Road frontage: 1122
Lot
- Size: 5.66 Acres
- Features: Hilly, Views, Wooded, In Town, Mountain, Neighborhood
Details
- Parcel number: 49815710726
- Zoning description: Commercial
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame, Wood Siding
- Foundation: Concrete
- Roof: Metal
Condition
- New construction: No
- Year built: 1880
Utilities & green energy
- Electric: Circuit Breakers
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Cable at Site, Propane, Telephone at Site, Phone
Community & HOA
Location
- Region: Proctor
Financial & listing details
- Price per square foot: $125/sqft
- Tax assessed value: $241,650
- Annual tax amount: $7,151
- Date on market: 2/25/2025
Estimated market value
Not available
Estimated sales range
Not available
$1,598/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 2/25/2025 | Listed for sale | $499,000$125/sqft |
Source: | ||
| 5/30/2024 | Listing removed | $499,000-7.4%$125/sqft |
Source: | ||
| 12/6/2023 | Listed for sale | $539,000+179.3%$135/sqft |
Source: | ||
| 7/12/2010 | Sold | $193,000$49/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | -- | $241,650 |
| 2023 | -- | $241,650 |
| 2022 | -- | $241,650 +2.6% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$2,883/mo
Principal & interest
$1935
Property taxes
$773
Home insurance
$175
Climate risks
Neighborhood: 05765
Nearby schools
GreatSchools rating
- 4/10Proctor Elementary SchoolGrades: PK-6Distance: 0.1 mi
- 5/10Proctor Junior/Senior High SchoolGrades: 7-12Distance: 0.8 mi
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