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25 & 31 North Street, Proctor, VT, 05765

3beds
--baths
3,978sqft
$599,000
$151price/sqft
$4,632/moest. monthly cost
$185,280/yrincome needed

About This Home

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!

Getting Around

25
WalkingCar-Dependent
0
TransitVery Limited Transit
12
BikeSomewhat Bikeable

Schools

4/10
Proctor Elementary SchoolGrades PK-60.1 mi

Construction

Condition

  • Year built: 1880

Materials

  • Foundation: Concrete
  • Roof: Metal
  • Construction materials: Wood Frame,Wood Siding

Type & Style

  • Home type: MultiFamily
  • Property subType: Multi Family

Interior

Appliances

  • Appliances included: Oil Water Heater,Owned Water Heater

Basement

  • Has basement: Yes
  • Basement: Interior Stairs,Interior Access,Interior Entry

Bedrooms & Bathrooms

  • Bedrooms: 3

Features

  • Flooring: Wood
  • Finished area below ground: 0
  • Finished area above ground: 3,978

Heating & Cooling

  • Heating features: Oil,Baseboard
  • Cooling features: Wall Unit(s)

Interior Area

  • Total structure area: 6,575
  • Total interior livable area: 3,978 sqft

Property

Details

  • Zoning description: Commercial

Features

  • Levels: Two
  • Has view: Yes
  • View description: Mountain(s),Water
  • Water view: Water
  • Waterfront features: Pond,Pond Frontage,Pond Site,Waterfront
  • Frontage length: Road frontage: 1698

Lot

  • Lot size: 16.78 Acres
  • Features: Hilly,Landscaped,Sloped,Steep Slope,Views,Wooded,In Town,Mountain,Neighborhood

Parking

  • Parking features: Dirt,Off Site,On Site,Unpaved