116 Aquidneck Avenue, Middletown, Rhode Island 02842
1/11

$4,200,000 USD

Retail Property for Sale, 116 Aquidneck Avenue, Middletown, Rhode Island 02842

  • MLS#
    1401255
  • Minimum sellable space
    850 m² (9,149 ft²)

Listed By Gustave White Sotheby's Realty

The Retail Property for Sale located at 116 Aquidneck Avenue, Middletown, Rhode Island 02842 is currently for sale. 116 Aquidneck Avenue, Middletown, Rhode Island 02842 is listed for $4,200,000.

Date Updated : Dec 9, 2025

Property features

Property

  • Property size: 850 m² (9,149 ft²)
  • Features: Basement
  • Location: Waterfront

Lot/Land

  • Land/Lot size: 2,307 m² (24,829 ft²)
  • Lot description: Paved RoadSidewalks

Construction

  • Year built: 1960

Security

  • Features: Fire Alarm

View

  • Features: Water View

Heating and Cooling

  • Heating system: Oil
  • Cooling system: Air Conditioning

Utilities

  • Other utilities: Natural Gas

Community

  • Features: Marina

Description

A rare development opportunity in the heart of Middletown. This unique offering includes two adjacent, fully operational businesses available together as a single package. Diego’s Cantina is a turnkey, 5,500 sq. ft., 166-seat, pond-front Mexican restaurant and function venue—long recognized as a Middletown staple. With beautiful west-facing Easton Pond views, the space is ideal for dining, private events, and year-round operations. Next door, Rejects Brewery offers 3,600 sq. ft. of versatile, LBA-zoned space suitable for a wide range of uses including food service, manufacturing, distribution, and more. Combined, the properties create a .57-acre parcel with strong potential for future hotel development or mixed-use projects, while also providing the option to operate two established businesses immediately. An exceptional investment opportunity with multiple paths for value creation.

Location

116 Aquidneck Avenue, Middletown, Rhode Island 02842

116 Aquidneck Avenue, Middletown, Rhode Island 02842