Listed by EXP Realty/Shelburne
$499,000
25 North Street
Details
Property Type Retail, Multifamily
Sub Type Restaurant
Square Footage 3,978
Units 2
Price per SqFt $125
Year Built 1880
Stories 2
Acreage 5.660
Zoning Commercial
Retail | 3,978 SF
Marketing 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 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!
Investment highlights
- https://tour.neren.com/25-North-Street-Proctor-VT-05765--5030255/unbranded#tour
- Parking Off-Site, On-Site, Unpaved
Listing Contacts
Listed by EXP Realty/Shelburne
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