Middletown Commercial Development
116 Aquidneck Avenue, Middletown, RI 02842
- Added:
- Dec 8, 2025
- Days on Market:
- 157
- Last Refresh:
- May 14 at 6:06 pm
Property Features for 116 Aquidneck Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- LBA
- Rooms
- Basement
- Parking
- 44
- Interior features
- Ceiling Height (12 to 15 Ft)
- Basement
- Partial
- Standard status
- Pending
- Size
- 9,149 SF
- Lot size
- 0.57 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 30521
Utilities
- Heating system
- Central
- Cooling system
- Central Air
- Water front features
- Waterfront
- Water front
- 1
Building Details
- Year built
- 1960
- Floors in Building
- 2
- Number of units
- 1
- Building materials
- Frame, Masonry
Listing agent Mike Sweeney (401) 849-3000
Listing office Gustave White Sotheby's Realty 37 Bellevue Ave, Newport, RI (401) 849-3000
Listing date Dec 8, 2025
MLS# 1401255
Copyright © 2026 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.
HighLights
- Two established, fully operational businesses (Diego's Cantina & Rejects Brewery) included in sale.
- Prime .57‑acre development opportunity in the heart of Middletown.
- Diego's Cantina: Turnkey, 5,500 sq. ft. restaurant/venue with 166 seats and pond views.
- Rejects Brewery: 3,600 sq. ft. of versatile, LBA‑zoned space for various uses.
- Strong potential for future hotel development or mixed‑use projects.
- Waterfront property with west‑facing Easton Pond views.
Overview
This offering features two adjacent, fully operational businesses available as a single package in Middletown, Rhode Island. The combined properties create a 0.57-acre parcel with potential for future hotel development or mixed-use projects. Diego's Cantina is a turnkey, 5,500-square-foot Mexican restaurant and function venue with 166 seats. It is recognized as a Middletown staple and features west-facing Easton Pond views, making it suitable for dining, private events, and year-round operations. Next door, Rejects Brewery offers 3,600 square feet of versatile space zoned LBA, suitable for various uses, including food service, manufacturing, and distribution. The properties offer the option to operate two established businesses immediately and represent an investment opportunity with multiple paths for value creation.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Diego's Barrio Cantina
Restaurant
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Newport
- State
- Rhode Island
- Longitude
- -71.284545
- Latitude
- 41.492581
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Two adjacent, operational businesses with development potential in Middletown, RI.
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 established, fully operational businesses (Diego's Cantina & Rejects Brewery) included in sale.; Prime .57‑acre development opportunity in the heart of Middletown.; Diego's Cantina: Turnkey, 5,500 sq. ft. restaurant/venue with 166 seats and pond views.
