Commercial Property on High-Traffic
651 W Main Road, Middletown, RI 02842
COMMERCIAL - Middletown, RI
Property size:
5,074 SFLot size:
0.56 AcresPrice / SF:
$369/SF- Added:
- Nov 13, 2025
- Days on Market:
- 182
- Last Refresh:
- May 14 at 7:06 pm
Property Features for 651 W Main Road
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- GBA
- Parking
- 40
- Security features
- Security Lighting
- Standard status
- Active
- Size
- 5,074 SF
- Lot size
- 0.56 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 14422
Utilities
- Sewer type
- Public Sewer
- Heating system
- Natural Gas, Forced Air
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1960
- Number of units
- 2
- Building materials
- Masonry
Listing agent Paul Tobak (401) 845-9500
Listing office Hogan Associates Christie's 294 Valley Road, Middletown, RI (401) 845-9500
Listing date Nov 13, 2025
MLS# 1399970
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
- Prime commercial location on Rt 114, Aquidneck Island's highest‑traffic corridor, with 150 linear feet of frontage.
- Includes established, iconic Mexican restaurant (Tito's Cantina) with 38‑year history and all licenses (liquor, victualing).
- Two adjacent parcels totaling 0.56 acres, offering significant development or expansion potential.
- Single‑story retail strip center generating approximately $45,000 in annual gross rent.
- Located directly across from Navy surplus land slated for redevelopment into a new commercial hub.
- Includes a 2124 SF free‑standing building and a 2950 SF retail strip center.
Overview
This commercial opportunity features two adjacent parcels situated on Route 114 in Middletown, RI, located on 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 free-standing 2124 square foot building on a 12,196 square foot lot. The sale includes all licenses, including liquor and victualing licenses. The other parcel features a single-story masonry retail strip center totaling 2950 square feet on a 12,197 square foot lot, divided into 3 tenant spaces. All tenants are responsible for their own utilities. The property generates approximately $45,000 in annual gross rent. The property is directly across from Navy surplus land slated for redevelopment, potentially becoming a new commercial hub on Aquidneck Island.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Tito's Cantina
Restaurant
Location Insight
- Map
- Local Demand
- City
- Middletown
- County
- Newport
- State
- Rhode Island
- Longitude
- -71.299002
- Latitude
- 41.520358
Nearby Similar for Sale
FAQs
What type of property is this?
Conventional restaurant - Two adjacent parcels on Aquidneck Island's highest-traffic corridor.
Where is this conventional restaurant located?
The property is located at 651 W Main Road 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, with 150 linear feet of frontage.; Includes established, iconic Mexican restaurant (Tito's Cantina) with 38‑year history and all licenses (liquor, victualing).; Two adjacent parcels totaling 0.56 acres, offering significant development or expansion potential.
