Restaurant with Two
For Sale
$475,000
25 North Street, Proctor, VT 05765
Commercial Sale, Proctor, VT
Property Size4,000 SF
Lot Size5.66 Acres
Price / SF$118.75
Days on Market621
Property Features for 25 North Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Commercial
Rooms
Basement
Parking features
Paved or Surfaced, Off Street
Accessibility
Accessible Approach with Ramp
Lot features
In Town, Mountain, Neighborhood, Hilly, Mountain View, View, Wooded
Directions
At the end of Main Street, take a left onto North Street and the parking lot in front of the restaurant.
Standard status
Active
Lot size
5.66 Acres
Tenancy & Operations
Currently Operating
Yes
Tenant in Place
Yes
Business Included
Yes
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7152
Utilities
Utilities
Propane
Heating system
Oil, Baseboard
Water source
Public
Building Details
Year built
1880
Building materials
Wood Siding
Roof type
Metal
Buildings
1
Listing Agency:
EXP Realty
(833) 388-2480
Listed By:
Zachary Zupan · License #VT082.0134350
(802) 868-6367
Added: Feb 24, 2025
Changed: Oct 28
Last Checked: Nov 6 at 12:06PM
MLS# 5030231
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.
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Investment Insights
Based on property information with market context.
Located at 25 North Street in Proctor, Vermont, this restaurant property includes an approximately 4,000-square-foot building with two apartments and a 5.66-acre parcel. The restaurant accommodates 72 guests indoors and also provides outdoor seating, with a bar, pool table, wood floors, and a commercial kitchen. Inventory and furnishings are included in the transfer.
Built in 1880, the property has wood siding, a metal roof, baseboard and oil heating, propane service, public water, and a basement. Paved off-street parking and an accessible approach with ramp are provided. The property is zoned Commercial and combines an operating restaurant with residential components on a sizable parcel.
Built in 1880, the property has wood siding, a metal roof, baseboard and oil heating, propane service, public water, and a basement. Paved off-street parking and an accessible approach with ramp are provided. The property is zoned Commercial and combines an operating restaurant with residential components on a sizable parcel.
Key Highlights
- Restaurant building of approximately 4,000 square feet with two income‑producing apartments
- 5.66‑acre parcel in Proctor, VT
- Indoor seating for 72 plus outdoor seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,500
Cap Rate
8.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$810,000
$810.0K
Cap Rate 7%
$578,571
$578.6K
Cap Rate 9%
$450,000
$450.0K
Market Conditions
NOI Build-Up for 4,000 SF
Gross rent
$60.0K $15.00/SF
− Vacancy
−$6.0K −$1.50/SF
EGI
$54.0K $13.50/SF
− OpEx
−$13.5K −$3.38/SF
NOI
$40.5K $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%
$810,000
Cap Rate 7%
$578,571
Cap Rate 9%
$450,000
Alternative Uses
Best Use
Specialty Retail
$578.6K
$506.3K – $675.0K
NOI $40,500 @ 7.0% cap · market cap 8.53%
Second Best
Apartment 5plus
$499.0K
$436.6K – $582.1K
NOI $34,927 @ 7.0% cap · market cap 7.35%
Theoretical Best
Healthcare Medical
$696.4K
$609.4K – $812.5K
NOI $48,751 @ 7.0% cap · market cap 10.26%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Balanced
Demand for This Use
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
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Operating food-and-beverage property with outdoor seating, paved parking, and included furnishings.
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 $475,000.
What are key features of this property?
This property features: Restaurant building of approximately 4,000 square feet with two income‑producing apartments; 5.66‑acre parcel in Proctor, VT; Indoor seating for 72 plus outdoor seating
