Mixed-Use Property with
For Sale
$599,000
25-31 North Street, Proctor, VT 05765
Operating restaurant with two apartments, outdoor seating, furnishings, and kitchen equipment on a substantial Vermont landholding.
Property Size3,978 SF
Price / SF$150.58
Days on Market696
Property Features for 25-31 North Street
General Information
Standard status
Active
Size
3,978 SF
Property subtype
Multi Family
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$7,481
Amenities
Wall AC Units
Oil, Baseboard
Yes
Wood
Oil Water Heater, Owned Water Heater
2
Interior
Interior Stairs, Interior Access
Metal
Beige
Wood Frame, Wood Siding
Building Details
Year Built
1880
Listing Agency:
EXP Realty
Listed By:
Zachary Zupan · License #VT082.0134350
(802) 430-9929
Source:
Compass
Added: Nov 19, 2024
Changed: Oct 14
Last Checked: Oct 16 at 11:01AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXP Realty
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Investment Insights
Based on property information with market context.
This mixed-use property combines an operating restaurant with two income-producing apartments in a 3,978-square-foot building constructed in 1880. The restaurant accommodates 72 guests indoors and also offers outdoor seating, a bar, pool table, wood floors, and a state-of-the-art kitchen. Inventory and furnishings are included. Interior systems include wall AC units, oil-fired baseboard heat, and an owned oil water heater.
The property at 25-31 North Street in Proctor, Vermont, includes 16.78 acres across two parcels. One 5.66-acre parcel contains the restaurant and multifamily building, while the additional 11.12 acres include the Sutherland Falls Quarry. The site is zoned Commercial and includes metal and wood-siding exterior construction.
The property at 25-31 North Street in Proctor, Vermont, includes 16.78 acres across two parcels. One 5.66-acre parcel contains the restaurant and multifamily building, while the additional 11.12 acres include the Sutherland Falls Quarry. The site is zoned Commercial and includes metal and wood-siding exterior construction.
Key Highlights
- 3,978‑square‑foot mixed‑use building constructed in 1880
- Restaurant seats 72 indoors and includes outdoor seating
- Two income‑producing apartments within the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,277
Cap Rate
6.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,540
$805.5K
Cap Rate 7%
$575,386
$575.4K
Cap Rate 9%
$447,522
$447.5K
Market Conditions
NOI Build-Up for 3,978 SF
Gross rent
$59.7K $15.00/SF
− Vacancy
−$6.0K −$1.50/SF
EGI
$53.7K $13.50/SF
− OpEx
−$13.4K −$3.38/SF
NOI
$40.3K $10.13/SF
Area
Rutland County, VT
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,540
Cap Rate 7%
$575,386
Cap Rate 9%
$447,522
Alternative Uses
Best Use
Specialty Retail
$575.4K
$503.5K – $671.3K
NOI $40,277 @ 7.0% cap · market cap 6.72%
Second Best
Mixed Use
$460.3K
$402.8K – $537.0K
NOI $32,222 @ 7.0% cap · market cap 5.38%
Theoretical Best
Healthcare Medical
$692.6K
$606.0K – $808.1K
NOI $48,483 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Explore this area
Business Placement
Demographics for 05765, VT
1,722
Population
761
Households
2.3
Avg Household Size
44
Median Age
28%
College-Educated
97%
High-School Grad
7.2 sq mi
ZIP Area
239
Density / Sq Mi
$65,000
Median Household Income
$42,115
Median Earnings
$997
Median Rent
$199,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Operating restaurant with two apartments, outdoor seating, furnishings, and kitchen equipment on a substantial Vermont landholding.
Where is this mixed-use property located?
The property is located at 25-31 North Street Proctor, VT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,978‑square‑foot mixed‑use building constructed in 1880; Restaurant seats 72 indoors and includes outdoor seating; Two income‑producing apartments within the property
