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  • 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
    : 
    Multi Family
    Built in 1880
    -- sqft lot
    $477,200 Zestimate®
    $125/sqft
    $-- HOA

    What's special

    Pool tableAttractive barWood floorsOutdoor seating
    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!
    63 days
    on Zillow
    |
    199
    |
    15
    |

    Zillow last checked: 7 hours ago

    Listing updated: February 25, 2025 at 08:46am

    Listed by:

    Zachary Zupan,

    EXP Realty Phone:802-430-9929,

    Lawrence Zupan,

    EXP Realty

    Source: PrimeMLS,MLS#: 5030255MLS Logo
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    Next available tour time:Today at 11am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    Heating
    • Oil, Baseboard
    Cooling
    • Wall Unit(s)
    Features
    • Flooring: Wood
    • Basement: Interior Access,Stairs - Interior,Interior Entry
    Interior area
    • Total structure area: 6,575
    • Total interior livable area: 3,978 sqft
    • Finished area above ground: 3,978

    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 Connected, Gas - LP/Bottle, Phone, Phone Connected, High Speed Intrnt -AtSite

    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
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