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    651 West Main Rd Middletown, RI 02842

    For Sale
    $1,875,000

    Warehouse,Commercial - Middletown, RI

    Property size:
    5,074 SF
    Lot size:
    0.56 Acres
    Days on Market:
    23
    Last Refresh:
    Dec 5 at 9:06 am

    Property Features for 651 West Main Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    GBA
    Parking
    40
    Exterior features
    Paved, Free Standing
    Size
    5,074 SF
    Lot size
    0.56 Acres

    Utilities

    Heating system
    Forced Air, Natural Gas

    Building Details

    Year built
    1960
    Number of units
    2
    Architectural style
    Other

    Hogan Associates | Christie's International Real Estate (401) 845-9500 [email protected]

    Listing agent Paul Tobak (401) 845-9500

    Listing date Nov 13, 2025

    MLS# 1399970 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

    Prime Commercial Opportunity in Middletown

    This commercial opportunity features two adjacent parcels situated on Route 114 in Middletown, RI, within Aquidneck Island's highest-traffic corridor. The combined parcels encompass 24,393 square feet (0.56 acres) with 150 linear feet of frontage. One parcel is home to Tito's Cantina, a Mexican restaurant established 38 years ago. This parcel includes a 2,124-square-foot free-standing building on a 12,196-square-foot lot. The sale includes all licenses, including liquor and victualing licenses. The second parcel features a single-story masonry retail strip center totaling 2,950 square feet on a 12,197-square-foot lot, divided into 3 tenant spaces. All tenants pay separate utilities. The property generates approximately $45,000 in annual gross rent. The parcels are directly across from Navy surplus land slated for redevelopment, poised to become a new commercial hub on Aquidneck Island. The property is zoned GBA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Tito's Cantina Mexican Restaurant

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Middletown
    County
    Newport
    State
    Rhode Island
    Longitude
    -71.299002
    Latitude
    41.520358

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    FAQs

    What type of property is this?
    Conventional restaurant - Two adjacent high-visibility parcels on Rt 114 for sale.
    Where is this conventional restaurant located?
    The property is located at 651 West Main Rd Middletown, RI.
    What is the asking price?
    The asking price for this property is $1,875,000.
    What are key features of this property?
    This property features: - Prime commercial location on Rt 114, Aquidneck Island's highest-traffic corridor.; - Two adjacent parcels totaling 0.56 acres with 150 linear feet of frontage.; - Includes established, iconic Mexican restaurant (Tito's Cantina) with liquor and victualing licenses.
    (401) 845-9500
    Request Owner's contact information
    651 West Main Rd 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
    651 West Main Rd Middletown, RI 02842
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