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    Turnkey Restaurant and Apartments Title is generated by Realmo AI

    25 North Street, Proctor, VT 05765

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    For Sale
    $499,000

    Turnkey restaurant with seating for 72, plus two income-producing apartments on a 5.66-acre parcel.

    Type:Commercial
    Property size:
    4,000 SF
    Lot size:
    5.66 Acres
    Price / SF:
    $124/SF
    Added:
    Jun 30, 2026
    Days on Market:
    8
    Last Refresh:
    Jul 1 at 3:57 am

    Property Features for 25 North Street

    General Information

    Standard status
    Active
    Size
    4,000 SF
    Lot size
    5.66 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1880

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    Zachary Zupan

    Listing office Exp Realty

    Listing date Jun 30, 2026

    Source Startpoint

    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

    HighLights

    • Almost 4,000 SF Franklin's Restaurant built in 1880 with seating for 72 plus outdoor seating
    • Includes wood floors, a pool table, an attractive bar, and a state‑of‑the‑art kitchen
    • Inventory and all furnishings are included in the transfer for the operating restaurant
    • Restaurant building includes two income‑producing apartments
    • Sits on a 5.66‑acre parcel

    Overview

    This offering combines an almost 4,000-square-foot restaurant facility with two income-producing apartments in a single property on a 5.66-acre parcel. The restaurant is described as a complete, functioning turnkey operation, with inventory and furnishings included in the transfer. Interior features noted include wood floors, a pool table, an attractive bar, and a state-of-the-art kitchen. The dining area seats 72, with additional outdoor seating available.

    The property includes both restaurant and multifamily components, supporting an owner-operator or multi-income structure. The public remarks also indicate the restaurant building can be purchased alone as listed here, or as part of a larger contiguous acquisition together with an 11.12-acre property referenced as the historic Sutherland Falls Quarry (MLS#5030232).

    For tenants and operators seeking a ready-to-run foodservice concept, the restaurant’s described setup and included inventory may reduce initial operational ramp-up. For buyers looking for diversified on-site income, the presence of two apartments within the same building provides an immediate residential component alongside the restaurant operations. Buyers should review the separately listed upgrade information and confirm all details during inspection.

    Local 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 $60.0k $15.00
    − Vacancy −$6.0k −$1.50
    EGI $54.0k $13.50
    − OpEx −$13.5k −$3.38
    NOI $40.5k $10.13
    4,000 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $578.6K
    $506.3K – $675.0K (±1% cap)
    NOI $40,500 @ 7.0% cap · market cap 8.12%
    Second Best
    Multifamily LT 5
    $541.5K
    $473.8K – $631.8K (±1% cap)
    NOI $37,906 @ 7.0% cap · market cap 7.60%
    Theoretical Best
    Healthcare Medical
    $696.4K
    $609.4K – $812.5K (±1% cap)
    NOI $48,751 @ 7.0% cap · market cap 9.77%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Franklins Restaurant

    Suggested Use

    Restaurant Real Estate Agency Electrical Service Plumbing Service Big Box & Wholesale Store Kitchen & Bath Showroom Daycare Center Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Proctor
    County
    Rutland
    State
    Vermont
    Longitude
    -73.04039
    Latitude
    43.6627298

    FAQs

    What type of property is this?
    Conventional restaurant - Turnkey restaurant with seating for 72, plus two income-producing apartments on a 5.66-acre parcel.
    Where is this conventional restaurant located?
    The property is located at 25 North Street Proctor, VT.
    What is the asking price?
    The asking price for this property is $499,000.
    What are key features of this property?
    This property features: Almost 4,000 SF Franklin's Restaurant built in 1880 with seating for 72 plus outdoor seating; Includes wood floors, a pool table, an attractive bar, and a state‑of‑the‑art kitchen; Inventory and all furnishings are included in the transfer for the operating restaurant
    More about this property
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