25 North Street, Proctor, VT 05765
Turnkey restaurant with seating for 72, plus two income-producing apartments on a 5.66-acre parcel.
- 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
Listing office Exp Realty (802) 430-9929
Listing date Jun 30, 2026
Source Startpoint
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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
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 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Proctor
- County
- Rutland
- State
- Vermont
- Longitude
- -73.04039
- Latitude
- 43.6627298