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Ashley Gile

ashley@ashleygile.com +1(603) 851-7452

Listed By Zachary Zupan EXP Realty Phone: 802-430-9929

Est. payment -/mo

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Active

25 & 31 North ST Proctor, VT 05765

3 Beds

3,978 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,978 sqft

MLS Listing ID 5030272

Style Multi-Family

Bedrooms 3

Construction Status Existing

Year Built 1880

Annual Tax Amount $7,480

Tax Year 2024

Lot Size 16.780 Acres

Acres 16.78

Property 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!

Location

State VT

County Vt-rutland

Area Vt-Rutland

Zoning Commercial

Rooms

Basement Interior Access, Interior Stairs

Interior

Heating Oil, Baseboard

Cooling Wall AC Units

Flooring Wood

Exterior

Parking Features No

Utilities Available Cable at Site, Phone, Propane, Telephone at Site

Roof Type Metal

Building

Lot Description Hilly, Landscaped, Mountain View, Pond, Pond Frontage, Pond Site, Sloping, Steep, View, Water View, Waterfront, Wooded, In Town, Mountain, Neighborhood

Story 2

Sewer Public

Water Public

Architectural Style Multi-Family

Construction Status Existing

Ashley Gile

Agent

+1(603) 851-7452

Ashley Gile

25 & 31 North ST Proctor, VT 05765

Key Details

Location

Rooms

Interior

Exterior

Building

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25 & 31 North ST

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