Residential Income in Proctor

$599,000

25 & 31 North, 05765, Proctor, VT

Residential Income for sale in Proctor, 25 & 31 North, 05765, 3978 m²

25 & 31 North, 05765, Proctor, VT

$599,000

3978
Type: Residential Income

Description

Franklin’s Restaurant has been a generational gathering place in the historic town of Proctor, attracting a loyal local following with its small town warmth and welcoming atmosphere reminiscent of a certain popular TV show. Anchoring an important part of the town’s social life, the almost 4000 square foot building, complete with two income producing apartments, sits on a 16.78 Acres of land constituting two separate parcels: 5.66 of which host the restaurant/multi-family business, and 11.12-Acres which include the historic Sutherland Falls Quarry, whose unique beauty opens the door to several other income possibilities (such as expanded outdoor catering capabilities and residential development/subdivision). The Restaurant and Multi-family building are available with just the 5.66 acres alone for $499, 000, found at MLS#5030231. The Restaurant itself, with innumerable upgrades (list found separately) seats 72 people plus outdoor seating and is a complete and functioning turnkey operation with a loyal staff, convivial atmosphere, wood floors, pool table, attractive bar and state of the art kitchen. Inventory and all furnishings are included in the transfer. Come inspect this promising opportunity today!

Location

25 & 31 North, 05765, Proctor, VT

Data

Object TypeResidential Income
Purchase Price$599,000
Living Space3978 m²
Plot Size67906.24 m²
BathroomsN/A
Construction Year1880
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeOil, Baseboard
Primary Energy SourceN/A
Construction Year1880
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent