Proctor, VT | 25 & 31 North Street

Christie's International Real Estate
$599,000
MLS#: 5030272
2
# of Units
3,978
Total Sq Ft
16.78
Acres
$7,481
Taxes
General Property Information
Property Status
Active
Price
$599, 000
Property Type
Multi-Family
County
VT-Rutland
Agency / Brokerage
Zachary Zupan
EXP Realty
List Date
2/24/2025 7:00 PM
Last Updated
2/25/2025 12:46 PM
Acres
16.78
# of Units
2

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!

Map

Town Market Snapshot

Source: Data provided by PrimeMLS, graph generated by Pall Spera Company

Affordability Estimate

Quick payment estimate for this listing. Not a loan offer — rates and terms vary.

Est. monthly principal & interest

  • Loan amount:
  • Down payment:

Estimate excludes taxes, insurance, HOA, and PMI. Consult a lender for accurate figures.

Features
# of Units
2
Year Built
1880
Parking
Off-Site, On-Site, Unpaved
Road Frontage
1,698
Sq Ft (Above Ground)
3,978
Sq Ft (Below Ground)
0
Total Sq Ft
3,978
Land Description
Hilly, Landscaped, Mountain View, Pond, Pond Frontage, Pond Site, Sloping, Steep, View, Water View, Waterfront, Wooded, In Town, Mountain, Neighborhood
Documents Available
Deed
Taxes
$7,481
Unit Information

Unit 1

# Rooms
0
# Bedrooms
1
Sq. Ft.
0

Unit 2

# Bedrooms
2
Sq. Ft.
0

You May Also Like

View more nearby