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For sale
Conventional restaurants
RI
Middletown
02842
116 Aquidneck Avenue

Middletown Development Opportunity

116 Aquidneck Avenue, Middletown, RI 02842

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For Sale

$3,999,000

Two adjacent businesses with development potential in Middletown.

Type:Commercial

Property size:

5,500 SF

Lot size:

0.57 Acres

Price / SF:

$727/SF

HighLights

Two adjacent, fully operational businesses (Diego's Cantina & Rejects Brewery) offered as a single package.
.57‑acre parcel with potential for hotel development or mixed‑use projects.
Diego's Cantina: Turnkey, 5,500 sq. ft., 166‑seat Mexican restaurant and function venue with pond views.
Rejects Brewery: 3,600 sq. ft. of LBA‑zoned space suitable for various uses.
Established businesses provide immediate operational income.
Prime location in the heart of Middletown.

We can help!

Listing Contact

Mike Sweeney

Learn more

For Sale

$3,999,000

Two adjacent businesses with development potential in Middletown.

Type:Commercial

Property size:

5,500 SF

Lot size:

0.57 Acres

Price / SF:

$727/SF

Added:: Dec 8, 2025
Days on Market:: 187
Last Refresh:: Apr 25 at 6:27 am

Property Features for 116 Aquidneck Avenue

General Information

Standard status: Active
Size: 5,500 SF
Lot size: 0.57 Acres
Property subtype: Commercial

Building Details

Year Built: 1960

We can help!

Listing Contact

Mike Sweeney

Listing agent Mike Sweeney

Listing office Gustave White Sotheby's Realty

Listing date Dec 8, 2025

Source Liongatere

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

All listing content including descriptions, pricing, images are the copyrighted material of Gustave White Sotheby's Realty

HighLights

Two adjacent, fully operational businesses (Diego's Cantina & Rejects Brewery) offered as a single package.
.57‑acre parcel with potential for hotel development or mixed‑use projects.
Diego's Cantina: Turnkey, 5,500 sq. ft., 166‑seat Mexican restaurant and function venue with pond views.
Rejects Brewery: 3,600 sq. ft. of LBA‑zoned space suitable for various uses.
Established businesses provide immediate operational income.
Prime location in the heart of Middletown.

Overview

This offering features two adjacent, fully operational businesses available as a single package, presenting a development opportunity in Middletown. Diego's Cantina, a 5,500 sq. ft. Mexican restaurant and function venue, includes 166 seats and pond-front views. The restaurant is a turnkey operation recognized as a Middletown staple, with west-facing Easton Pond views. The space is suitable for dining, private events, and year-round operations. Next door, Rejects Brewery provides 3,600 sq. ft. of LBA-zoned space suitable for food service, manufacturing, and distribution. Combined, the properties create a .57-acre parcel with potential for future hotel development or mixed-use projects. The properties offer the option to operate two established businesses immediately.

Location Intelligence

Current Use by Public Records

Diego's Barrio Cantina Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Middletown
County: Newport
State: Rhode Island
Longitude: -71.2845038
Latitude: 41.4926915

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For sale
Conventional restaurants
RI
Middletown
02842
116 Aquidneck Avenue

What type of property is this?

Conventional restaurant - Two adjacent businesses with development potential in Middletown.

Where is this conventional restaurant located?

The property is located at 116 Aquidneck Avenue 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 adjacent, fully operational businesses (Diego's Cantina & Rejects Brewery) offered as a single package.; .57‑acre parcel with potential for hotel development or mixed‑use projects.; Diego's Cantina: Turnkey, 5,500 sq. ft., 166‑seat Mexican restaurant and function venue with pond views.