Restaurant with Attached
25 North Street Proctor, VT 05765
25 North Street, Proctor, VT, 05765
$499,000
For Sale
$499,000
MULTI_FAMILY - Other - Proctor, VT
Property Size3,978 SF
Lot Size5.66 Acres
Price / SF$125.44
Days on Market510
Property Features for 25 North Street
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Zoning
- Commercial
- Bedrooms
- 3
- Rooms
- Bedroom 2, Bedroom 3, Bedroom 1, Basement
- Parking features
- Offsite, Paved or Surfaced
- Appliances
- Oil Water Heater, Owned Water Heater
- 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
- Baseboard, Oil
- 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
50 Lakeside Ave., Swanton, VT
Listed by
Zachary Zupan
(802) 868-6367
Added: Feb 25, 2025 Checked: Jul 20 at 12:06 am
MLS# 5030255
Listing URL
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.
Investment Insights
Based on property information with market context.
This offering combines a fully functioning restaurant with two income-producing apartments. The property includes an over 4,000-square-foot restaurant building featuring wood floors, a pool table, an attractive bar, and a state-of-the-art kitchen. Seating supports 72 people, with additional outdoor seating, and the restaurant is presented as a turnkey operation. Inventory and furnishings are included in the transfer.
The restaurant and multi-family building sit on a 5.66-acre parcel in Proctor, Vermont, zoned for commercial use. The property is listed as a standalone opportunity on the 5.66 acres, with information also provided that it may be purchased together with an adjacent 11.12-acre contiguous parcel described as the historic Sutherland Falls Quarry.
For buyers seeking a live-and-work style commercial asset, this layout provides an on-site foodservice business alongside two separate apartment units. The included furnishings and inventory support immediate continuity of operations, while the apartment income component offers an additional revenue stream under the same roof and ownership. The commercial zoning supports use as a restaurant and multi-family property combination, subject to applicable requirements at the time of use.
The restaurant and multi-family building sit on a 5.66-acre parcel in Proctor, Vermont, zoned for commercial use. The property is listed as a standalone opportunity on the 5.66 acres, with information also provided that it may be purchased together with an adjacent 11.12-acre contiguous parcel described as the historic Sutherland Falls Quarry.
For buyers seeking a live-and-work style commercial asset, this layout provides an on-site foodservice business alongside two separate apartment units. The included furnishings and inventory support immediate continuity of operations, while the apartment income component offers an additional revenue stream under the same roof and ownership. The commercial zoning supports use as a restaurant and multi-family property combination, subject to applicable requirements at the time of use.
Key Highlights
- Over 4,000 SF Franklin’s Restaurant plus two income‑producing apartments on a 5.66‑acre parcel
- Restaurant seats 72 people plus outdoor seating and includes a state‑of‑the‑art kitchen
- Metal roof; wood floors; wood frame with wood siding
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 | $59.7k | $15.00 |
| − Vacancy | −$6.0k | −$1.50 |
| EGI | $53.7k | $13.50 |
| − OpEx | −$13.4k | −$3.38 |
| NOI | $40.3k | $10.13 |
3,978 SF · lease $15.00/SF/yr · vacancy 10.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$575.4K
$503.5K – $671.3K
NOI $40,277 @ 7.0% cap · market cap 8.07%
Second Best
Multifamily LT 5
$538.5K
$471.2K – $628.3K
NOI $37,697 @ 7.0% cap · market cap 7.55%
Theoretical Best
Healthcare Medical
$692.6K
$606.0K – $808.1K
NOI $48,483 @ 7.0% cap · market cap 9.72%
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 operation with two income-producing apartments on a commercial-zoned 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: Over 4,000 SF Franklin’s Restaurant plus two income‑producing apartments on a 5.66‑acre parcel; Restaurant seats 72 people plus outdoor seating and includes a state‑of‑the‑art kitchen; Metal roof; wood floors; wood frame with wood siding
