Franklinâ??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 townâ??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!
Franklinâ??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 townâ??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!
In-village side by side Duplex looking for a owner. The 2 mirror image units feature a common enclosed entry porch entering into the hardwood floored living rooms, kitchens with pantry and dining rooms on the main level. Upstairs are 2 bedrooms and the bathroom. One bathroom has a custom tiled shower. Each unit has a stairway down to the basement which is split between the tenants. Each unit has separate FHA oil fired furnaces with brand new oil tanks and electric hot water tanks. Tenants pay for heat, hot water and electricity. Both units need some repairs and updating, including roof replacement on the rear side, but the prime location and pleasant floor plans would make the investment worthwhile. There are 2 sheds on the property as well for use by the tenants or the landlord. Parking is on the public street and plowing is done by the town.
Proctor is located in Vermont. Proctor, Vermont has a population of 1,841. Proctor is more family-centric than the surrounding county with 29.51% of the households containing married families with children. The county average for households married with children is 22.91%.
The median household income in Proctor, Vermont is $66,635. The median household income for the surrounding county is $59,751 compared to the national median of $69,021. The median age of people living in Proctor is 43.3 years.
The average high temperature in July is 81.4 degrees, with an average low temperature in January of 9 degrees. The average rainfall is approximately 40.5 inches per year, with 72.6 inches of snow per year.
