About This Home

This 0-bedroom, 0-bathroom commercial at 25 & 31 North Street in Proctor, VT is listed for $599,000. Built in 1880, on a 16.78 acres lot.

Key Features

  • Built in 1880
  • 16.78 acre lot
  • Waterfront

Property Details

1880

Amenities

Waterfront
Listing 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 producin

g 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!

Monthly Cost Estimate

$3,204/mo

20% down · 6.5% · 30 years

Principal$433
Interest$2,596
Insurance$175

Estimates only. Actual payments may vary.

Location

25 & 31 North Street

Proctor, VT 05765

Property Details

Construction

Wood Siding

Parking

Paved or SurfacedOff Street

Questions & Answers

This 0-bedroom, 0-bathroom commercial at 25 & 31 North Street is listed at $599,000. The estimated monthly payment is $3,204 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1880, 16.78 acre lot, Waterfront.

This property is listed by Zachary Zupan and can be reached at (802) 868-6367.

ZZ

Zachary Zupan

Agent at eXp Realty LLC

(802) 868-6367

Listed by eXp Realty LLC · Broker phone: (802) 868-6367 · View on Broker Site

MLS# 5030232· Source: PrimeMLS· 211 days on PropertySimple

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25 & 31 North Street, Proctor, VT 05765

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