Log In/Sign Up
Your email has been sent.
25 North St 4,062 SF Retail Building Proctor, VT 05765 $499,000 ($122.85/SF)
INVESTMENT HIGHLIGHTS
- Prime property including a retail building with a long standing restaurant and 2 income producing apartments.
- Inventory and all furnishings are included in the transfer.
- The Restaurant itself, with innumerable upgrades, seats 72 people plus outdoor seating and is a complete and functioning turnkey operations.
EXECUTIVE SUMMARY
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 5.66 Acre parcel. This opportunity can also be purchased (found at MLS#5030232) 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!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,062 SF
Building Class
C
Year Built
1880
Price
$499,000
Price Per SF
$122.85
Tenancy
Single
Building Height
2 Stories
Building FAR
0.02
Lot Size
5.67 AC
Zoning
Commercial - Commercial
Frontage
120’ on North Street
PROPERTY TAXES
| Parcel Number | 498-157-10726 | Improvements Assessment | $204,840 |
| Land Assessment | $36,810 | Total Assessment | $241,650 |
PROPERTY TAXES
Parcel Number
498-157-10726
Land Assessment
$36,810
Improvements Assessment
$204,840
Total Assessment
$241,650
1 of 38
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
25 North St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.