
$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.
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