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    116 Aquidneck Ave Middletown, RI 02842

    New
    For Sale
    $4,200,000

    Commercial,Hotel/Motel,Mixed Use - Middletown, RI

    Property size:
    9,149 SF
    Lot size:
    0.57 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 9 at 7:06 am

    Property Features for 116 Aquidneck Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    LBA
    Parking
    54
    Interior features
    Ceiling Height (12 To 15 Ft)
    Exterior features
    Paved, Sidewalks, Downtown
    Size
    9,149 SF
    Lot size
    0.57 Acres

    Utilities

    Heating system
    Central
    Water front features
    Waterfront
    Water front
    1

    Building Details

    Year built
    1960
    Number of units
    1
    Building materials
    Frame
    Architectural style
    Other

    Gustave White Sotheby's International Realty (401) 849-3000 [email protected]

    Listing agent Mike Sweeney (401) 849-3000

    Listing date Dec 8, 2025

    MLS# 1401255 Listing URL

    Copyright © 2025 State Wide MLS of Rhode Island, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Middletown Development Opportunity

    This offering features two adjacent, fully operational businesses. Diego’s Cantina, a 5,500 square foot Mexican restaurant and function venue with 166 seats, is recognized as a Middletown establishment. The restaurant offers west-facing Easton Pond views, suitable for dining, private events, and year-round operations. Rejects Brewery provides 3,600 square feet of LBA-zoned space, suitable for food service, manufacturing, and distribution. Combined, the properties create a 0.57-acre parcel with potential for future hotel development or mixed-use projects. The properties are located in Middletown, Rhode Island.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Diego's Barrio Cantina Mexican Restaurant

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Nail Salon Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Glorious Affairs Ltd, Kempenaar's Clambake Club

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.284545
    Latitude
    41.492581

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    FAQs

    What type of property is this?
    Restaurant - Two established businesses with development potential in Middletown, Rhode Island.
    Where is this restaurant located?
    The property is located at 116 Aquidneck Ave Middletown, RI.
    What is the asking price?
    The asking price for this property is $4,200,000.
    What are key features of this property?
    This property features: - Two established, fully operational businesses included in the sale.; - Prime .57-acre development opportunity in the heart of Middletown.; - Diego's Cantina: Turnkey, 5,500 sq. ft. restaurant/function venue with 166 seats and pond views.
    (401) 849-3000
    Request Owner's contact information
    116 Aquidneck Ave Middletown, RI 02842
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    Middletown, RI 02842
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Aquidneck Ave Middletown, RI 02842
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