The Haas Team

25 North Street, Proctor, VT 05765

$499,000
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Active
MLS#5030231
STATUSActive PROPERTY TYPECommercial - Investment

Listing Courtesy of: EXP Realty
Agency Contact: Phone: 802-430-9929
Associate Name: Zachary Zupan
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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 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!

25 North Street | MLS# 5030231

This commercial property located at 25 North Street, Proctor, VT 05765 is currently listed for sale with an asking price of $499,000. Search Proctor real estate on haasteam.masiellogrouprealestate.com today.

Property Features

Property Type: Commercial - Investment
Basement: Interior Access
Cooling: Wall AC Units
Heating: Baseboard, Oil
Lot Size: 5.66 Acres
Roof Type: Metal
Taxes: $7,151
Year Built: 1880

Feature Descriptions

Accessibility: Access to Restroom(s), Bathroom w/5 Ft. Diameter, Handicap Modified, No Stairs from Parking, One-Level Business
Basement Access: Interior
Commercial Features: Living Space Available, Phone System, Public Restrooms, Heat Included, In-Unit Bathroom
Days on Site: 420
Exterior: Wood Siding
Lot: In Town, Mountain, Neighborhood, Hilly, Mountain View, View, Wooded
Parking: Off Street, On-Site, Unpaved
Road Frontage: 1122
Sale Inclusions: Equipment, Inventory, Land/Building, Land/Building/Business, Building, Furnishings
Sewer: Public
Units: 3
Water: Public
Zoning: Commercial

Listed By / Shown By

Listed By

Agency Name: EXP Realty
Agency Contact: Phone: 802-430-9929
Agent Name: Zachary Zupan

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