Mixed-Use Restaurant
For Sale
$475,000
25 North Street, Proctor, VT 05765
Multi-Family, Proctor, VT
Property Size3,978 SF
Lot Size5.66 Acres
Price / SF$119.41
Days on Market601
Property Features for 25 North Street
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning
Commercial
Bedrooms
3
Rooms
Bedroom 3, Bedroom 2, Bedroom 1, Basement
Parking features
Paved or Surfaced, Offsite
Appliances
Oil Water Heater, Owned Water Heater
Lot features
Hilly, Mountain View, View, Wooded, In Town, Mountain, Neighborhood
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
Size
3,978 SF
Lot size
5.66 Acres
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
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: Oct 18
Last Checked: Oct 19 at 5:06PM
MLS# 5030255
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, this mixed-use property combines a restaurant operation with two income-producing apartments. The 3,978-square-foot building dates to 1880 and includes wood flooring, a bar, pool table, kitchen facilities, basement space, and three bedrooms. Inventory and furnishings transfer with the property, while public water, propane service, oil baseboard heat, and a metal roof support the existing improvements.
The restaurant accommodates 72 guests indoors and also offers outdoor seating. The 5.66-acre parcel is zoned Commercial and includes paved or surfaced parking along with offsite parking features. Its configuration brings together food-service space, residential units, and a sizable land component within the town of Proctor.
The restaurant accommodates 72 guests indoors and also offers outdoor seating. The 5.66-acre parcel is zoned Commercial and includes paved or surfaced parking along with offsite parking features. Its configuration brings together food-service space, residential units, and a sizable land component within the town of Proctor.
Key Highlights
- 3,978‑square‑foot mixed‑use building with restaurant space and two income‑producing apartments
- 5.66‑acre parcel zoned Commercial
- Restaurant seats 72 guests plus outdoor seating
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,277
Cap Rate
8.48%
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 8.48%
Second Best
Apartment 5plus
$496.2K
$434.2K – $578.9K
NOI $34,735 @ 7.0% cap · market cap 7.31%
Theoretical Best
Healthcare Medical
$692.6K
$606.0K – $808.1K
NOI $48,483 @ 7.0% cap · market cap 10.21%
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
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned property combines an operating restaurant with two apartments and outdoor seating on a substantial parcel.
Where is this mixed-use property 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: 3,978‑square‑foot mixed‑use building with restaurant space and two income‑producing apartments; 5.66‑acre parcel zoned Commercial; Restaurant seats 72 guests plus outdoor seating
