Turnkey Restaurant and
25 North Street Proctor, VT 05765
25 North Street, Proctor, VT, 05765
$499,000
For Sale
$499,000
Turnkey restaurant with seating for 72, plus two income-producing apartments on a 5.66-acre parcel.
Property Size4,000 SF
Lot Size5.66 Acres
Price / SF$124.75
Days on Market17
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 Agency
Exp Realty
(802) 430-9929
Listed by
Zachary Zupan
(802) 430-9929
Source
Startpoint
Added: Jun 30 Checked: Jul 16 at 1:19 pm
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
Investment Insights
Based on property information with market context.
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.
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.
Key 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
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
NOI $40,500 @ 7.0% cap · market cap 8.12%
Second Best
Multifamily LT 5
$541.5K
$473.8K – $631.8K
NOI $37,906 @ 7.0% cap · market cap 7.60%
Theoretical Best
Healthcare Medical
$696.4K
$609.4K – $812.5K
NOI $48,751 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Franklins
Restaurant
Similar For Sale Nearby
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
