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Adam Dow

| The Dow Group | #1 Real Estate Team in New Hampshire

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25 & 31 North St , Proctor, VT 05765
$599,000
Est. Payment: $1,331.11/mo
0 Bed
0 Bath
4062 Sqft
Status: Active | Days on site: 207
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5872 - 621385,113
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House 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!

Highlights

Listed by Zachary Zupan , 802-430-9929 and Phyllis Mathouser , 603-765-7919 EXP Realty , 833-388-2480.

Property Type

Commercial Sale

Lot/Acreage
16.78

Year Built

1880

County

Rutland

Listing ID

5030232

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:0
  • Bathrooms:0
  • Full Bathrooms:
Basement:Yes,Interior Access

Exterior Features

Lot:In Town,Mountain,Neighborhood,Hilly,Landscaped,Mountain View,Pond,Pond Frontage,Pond Site,Sloping,Steep,View,Water View,Waterfront,Wooded
Zoning:Commercial
Roof:Metal
Sewer:Public
Parking Features:Off Street,On-Site,Unpaved
Principal Interest
$1,331
Taxes
$623

Home Price

$599,000

Loan Details

30 yrs
%

Down Payment

20%
$119,800
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Monthly Price:
$1,331.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $1,331.11 $623.39 $0.00 $1,954.51
Yearly $15,973.33 $7,480.73 $0.00 $23,454.06
Total $479,200.00 $224,421.90 $0.00 $703,621.90

Today's Rates

30 Year

0%

20 Year

0%

15 Year

0%

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Market insight data is pulled from the same city as the listing being viewed (Proctor, VT).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.