$499,000

25 North St Proctor, VT 05765

Estimated payment $3,284/month

Total Views 5,878
3 Beds
-- Bath
3,978 Sq Ft
$125 Price per Sq Ft

Highlights

  • Wood Flooring
  • Baseboard Heating
  • Wood Siding

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 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!

Listing Agent

Zachary Zupan

EXP Realty

EXP Realty

Co-Listing Agent

Lawrence Zupan

EXP Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1880

Parking

  • Dirt Driveway

Home Design

  • Wood Frame Construction
  • Metal Roof
  • Wood Siding

Interior Spaces

  • 3 Bedrooms
  • Wood Flooring
  • Basement

Utilities

  • Baseboard Heating
  • Propane

Property Details

Home Type

Multi-Family

Year Built

Built in 1880

Lot Details

0

Listing Details

  • Directions: At the end of Main Street, take a left onto North Street and the parking lot in front of the restaurant.
  • Seasonal: No
  • Property Type: Residential Income
  • Year Built: 1880
  • Architectural Style: Multi-Family
  • Road Frontage Type: Other
  • Co List Office Mls Id: 4977-00
  • MLS Status: (10) Active - Active
  • Above Grade Finished Sq Ft: 3978.0
  • Unit Levels: Two
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Water Heater – Oil, Water Heater – Owned
  • Total Bedrooms: 3
  • Flooring: Wood
  • Basement: Stairs - Interior, Interior Entry
  • Basement YN: Yes

Exterior Features

  • Driveway: Dirt
  • Roof: Metal
  • Construction Type: Wood Frame, Wood Siding
  • Foundation Details: Concrete

Garage/Parking

  • Attached Garage: No
  • Parking Features: Off Site, On Site, Unpaved

Utilities

  • Electric: Circuit Breakers
  • Sewer: Public Sewer
  • Heating: Oil, Baseboard
  • Cooling: Wall Unit(s)
  • Utilities: Cable Connected, Gas - LP/Bottle, Phone Connected
  • Water Source: Public

Lot Info

  • Surveyed: Unknown
  • Zoning: Commercial
  • Lot Size Acres: 5.66
  • Lot Size Sq Ft: 246550.0

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 7151.63

Multi Family

  • Number Of Units Total: 2

Map

Range of Values:

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 -- $241,650 $36,810 $204,840
2022 $6,209 $241,650 $36,810 $204,840
2021 $6,245 $235,490 $36,810 $198,680
2020 $6,362 $235,490 $36,810 $198,680
2019 $6,342 $235,490 $36,810 $198,680
2018 $6,087 $235,490 $36,810 $198,680
2017 $5,758 $235,490 $36,810 $198,680
2016 $5,417 $238,400 $52,300 $186,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/25/2025 02/25/25 For Sale $499,000 -- $125 / Sq Ft
Source: PrimeMLS

Source: PrimeMLS

MLS Number: 5030255

PrimeMLS

APN: 498-157-10726