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Ken Stempler

ken@trilogyrealty.group +1(603) 759-3433

Listed by Zachary Zupan • EXP Realty • Phone: 802-430-9929

$ 499,000

Est. payment | -/mo

3 Beds

3,978 SqFt

Save

$ 499,000

Est. payment | -/mo

Save

3 Beds

3,978 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,978 sqft

Price per Sqft $125

MLS Listing ID 5030255

Bedrooms 3

Construction Status Existing

Year Built 1880

Annual Tax Amount $7,151

Tax Year 2024

Lot Size 5.660 Acres

Acres 5.66

Property 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 over 4000 square foot building, complete with two income producing apartments, sits on a 5.66 Acre parcel. This opportunity can also be purchased for a total of $599,000 with the addition of the contiguous 11.12-Acre property, the historic Sutherland Falls Quarry, whose unique beauty opens the door to several other income possibilities. These would include expanded outdoor catering capabilities and residential development/subdivision. The Restaurant and Multi-family building are available with just the 5.66 acres alone as listed here for $499,000. 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

State VT

County Vt-rutland

Area Vt-Rutland

Zoning Commercial

Rooms

Basement Entrance Interior

Basement Interior Stairs, Interior Access

Interior

Cooling Wall AC Units

Flooring Wood

Exterior

Utilities Available Cable at Site, Phone, Propane, Telephone at Site

Roof Type Metal

Building

Story 2

Sewer Public

Architectural Style Multi-Family

Construction Status Existing

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(603) 759-3433

ken@trilogyrealty.group

Learn More About LPT Realty

25 North ST Proctor, VT 05765