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116 Aquidneck Ave Middletown, RI 02842

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For Sale
$3,999,000

Two established businesses on 0.57 acres with development potential.

Property size:
9,149 SF
Lot size:
0.57 Acres

Property Features for 116 Aquidneck Ave

General Information

Standard status
Active
Size
9,149 SF
Lot size
0.57 Acres

Building Details

Year built
1960

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Listing Contact
Mike Sweeney
Source: Corcoran

Listing Agency: GUSTAVE WHITE SOTHEBY'S REALTY Listing Agent: Mike Sweeney

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Middletown Development Opportunity with Businesses

This offering features two adjacent, fully operational businesses available as a single package in Middletown. Diego's Cantina is a 5,500 sq. ft. Mexican restaurant and function venue with 166 seats. The restaurant has pond-front views and is suitable for dining, private events, and year-round operations. Rejects Brewery offers 3,600 sq. ft. of LBA-zoned space suitable for food service, manufacturing, and distribution. Combined, the properties create a 0.57-acre parcel with potential for hotel development or mixed-use projects. The properties offer the option to operate two established businesses. The total property size is 9,149 sq. ft.
Location Intelligence

Current Use by Public Records

Diego's Barrio Cantina Restaurant

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Nail Salon Gym & Fitness Center

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

Location Insight

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  • Local Demand
City
Middletown
County
Newport
State
Rhode Island
Longitude
-71.2845038
Latitude
41.4926915

FAQs

What type of property is this?
Conventional restaurant - Two established businesses on 0.57 acres with development potential.
Where is this conventional restaurant located?
The property is located at 116 Aquidneck Ave Middletown, RI.
What is the asking price?
The asking price for this property is $3,999,000.
What are key features of this property?
This property features: - Two established, fully operational businesses included in the sale: Diego's Cantina & Rejects Brewery.; - Prime .57-acre development opportunity in the heart of Middletown.; - Diego's Cantina: Turnkey, 5,500 sq. ft. restaurant with 166 seats and pond views.
More about this property
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