Conventional Restaurant with
For Sale
$599,000
25 & 31 North Street, Proctor, VT 05765
Multi-Family, Proctor, VT
Property Size3,978 SF
Lot Size16.78 Acres
Price / SF$150.58
Days on Market601
Property Features for 25 & 31 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, Landscaped, Mountain View, Pond Site, Sloping, Steep, 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
16.78 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
7481
Utilities
Utilities
Propane
Heating system
Baseboard, Oil
Water source
Public
Water front
1
Amenities
quarry
outdoor seating
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 8
Last Checked: Oct 19 at 4:06PM
MLS# 5030272
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.
This 3,978-square-foot restaurant and multifamily property includes a functioning dining operation with seating for 72, additional outdoor seating, a bar, pool table, wood floors, and a commercial kitchen. Inventory and furnishings transfer with the property. The building also contains two apartments, offering a combined restaurant and residential configuration.
The property encompasses 16.78 acres across two parcels at 25 & 31 North Street in Proctor. One parcel contains the restaurant and multifamily building, while the second includes the historic Sutherland Falls Quarry. The building dates to 1880 and features wood-frame construction, wood siding, a metal roof, public water, propane, and oil baseboard heat. Paved or surfaced and offsite parking are listed.
The property encompasses 16.78 acres across two parcels at 25 & 31 North Street in Proctor. One parcel contains the restaurant and multifamily building, while the second includes the historic Sutherland Falls Quarry. The building dates to 1880 and features wood-frame construction, wood siding, a metal roof, public water, propane, and oil baseboard heat. Paved or surfaced and offsite parking are listed.
Key Highlights
- 3,978 square feet with restaurant space and two apartments
- Restaurant seating for 72 plus outdoor seating
- 16.78 Acres across two separate parcels
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,277
Cap Rate
6.72%
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 6.72%
Second Best
Multifamily LT 5
$538.5K
$471.2K – $628.3K
NOI $37,697 @ 7.0% cap · market cap 6.29%
Theoretical Best
Healthcare Medical
$692.6K
$606.0K – $808.1K
NOI $48,483 @ 7.0% cap · market cap 8.09%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
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
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Includes two apartments alongside a functioning restaurant operation with indoor and outdoor seating.
Where is this conventional restaurant located?
The property is located at 25 & 31 North Street Proctor, VT.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 3,978 square feet with restaurant space and two apartments; Restaurant seating for 72 plus outdoor seating; 16.78 Acres across two separate parcels
