Restaurant and Apartment
25 & 31 North Street Proctor, VT 05765
For Sale
$599,000
MULTI_FAMILY - Other - Proctor, VT
Property Size3,978 SF
Lot Size16.78 Acres
Price / SF$150.58
Days on Market519
Property Features for 25 & 31 North Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
3
Rooms
Bedroom 2, Bedroom 3, Bedroom 1, Basement
Parking features
Offsite, Paved or Surfaced
Appliances
Oil Water Heater, Owned Water Heater
Standard status
Active
Size
3,978 SF
Lot size
16.78 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7481
Utilities
Utilities
Propane
Heating system
Baseboard, Oil
Water source
Public
Water front
1
Building Details
Year built
1880
Floors in Building
2
Number of units
2
Flooring type
Wood
Building materials
Wood Frame, Wood Siding
Roof type
Metal
Architectural style
Other
Listing Agency:
EXP Realty
(833) 388-2480
Listed By:
Zachary Zupan
(802) 868-6367
Added: Feb 25, 2025
Changed: Jul 11
Last Checked: Jul 29 at 8:06PM
MLS# 5030272
Copyright © 2026 PrimeMLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
A combined restaurant and multi-family building offers a functioning, turnkey operation along with two income-producing apartments. The restaurant is an almost 4,000-square-foot building and features wood floors, a pool table, an attractive bar, and a state-of-the-art kitchen. Seating is available for 72 people plus outdoor seating, and inventory and furnishings are included in the transfer.
The property sits on 16.78 acres split across two parcels, with 5.66 acres supporting the restaurant/multi-family business. The remaining 11.12 acres include the historic Sutherland Falls Quarry.
The full offering includes both the restaurant and the residential income component, with the land configuration presented as two separate parcels.
The property sits on 16.78 acres split across two parcels, with 5.66 acres supporting the restaurant/multi-family business. The remaining 11.12 acres include the historic Sutherland Falls Quarry.
The full offering includes both the restaurant and the residential income component, with the land configuration presented as two separate parcels.
Key Highlights
- Almost 4,000 SF restaurant/multi‑family building with two income‑producing apartments
- 16.78‑acre lot split into two parcels: 5.66 acres for restaurant/multi‑family business and 11.12 acres with Sutherland Falls Quarry
- Restaurant seats 72 people plus outdoor seating
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $59.7k | $15.00 |
| − Vacancy | −$6.0k | −$1.50 |
| EGI | $53.7k | $13.50 |
| − OpEx | −$13.4k | −$3.38 |
| NOI | $40.3k | $10.13 |
3,978 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$575.4K
$503.5K – $671.3K
NOI $40,277 @ 7.0% cap · market cap 6.72%
Second Best
Multifamily LT 5
$538.5K
$471.2K – $628.3K
NOI $37,697 @ 7.0% cap · market cap 6.29%
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.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Duplex - Turnkey restaurant seats 72 with outdoor seating, plus two income-producing apartments on 16.78 acres.
Where is this duplex 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: Almost 4,000 SF restaurant/multi‑family building with two income‑producing apartments; 16.78‑acre lot split into two parcels: 5.66 acres for restaurant/multi‑family business and 11.12 acres with Sutherland Falls Quarry; Restaurant seats 72 people plus outdoor seating
