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116 Aquidneck Avenue

Middletown, RI 02842
  • $4,200,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 1401255
$4,200,000
  • 0
    BEDS
  • 0.57
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 9,149
    SQFT
  • $459
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1960
County:
Area:

School Ratings & Info

Description

A rare development opportunity in the heart of Middletown. This unique offering includes two adjacent, fully operational businesses available together as a single package. Diego's Cantina is a turnkey, 5,500 sq. ft., 166-seat, pond-front Mexican restaurant and function venue long recognized as a Middletown staple. With beautiful west-facing Easton Pond views, the space is ideal for dining, private events, and year-round operations. Next door, Rejects Brewery offers 3,600 sq. ft. of versatile, LBA-zoned space suitable for a wide range of uses including food service, manufacturing, distribution, and more. Combined, the properties create a .57-acre parcel with strong potential for future hotel development or mixed-use projects, while also providing the option to operate two established businesses immediately. An exceptional investment opportunity with multiple paths for value creation.

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[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-01-23T23:37:35.827.
www.lavonnelopes.com/homes/171213108
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116 Aquidneck Avenue Middletown, RI 02842

  • Price: $4,200,000
  • Status: Active
  • On Site: 46 Days
  • MLS #: 1401255
0
Beds
0
Baths
0
½ Baths
0.57
Acres
9,149
SQFT
$459
$/SQFT
1960
Built
Neighborhood:
Eastons Beach
County:
Newport
Area:
Middletown
Property Description
A rare development opportunity in the heart of Middletown. This unique offering includes two adjacent, fully operational businesses available together as a single package. Diego's Cantina is a turnkey, 5,500 sq. ft., 166-seat, pond-front Mexican restaurant and function venue long recognized as a Middletown staple. With beautiful west-facing Easton Pond views, the space is ideal for dining, private events, and year-round operations. Next door, Rejects Brewery offers 3,600 sq. ft. of versatile, LBA-zoned space suitable for a wide range of uses including food service, manufacturing, distribution, and more. Combined, the properties create a .57-acre parcel with strong potential for future hotel development or mixed-use projects, while also providing the option to operate two established businesses immediately. An exceptional investment opportunity with multiple paths for value creation.
Exterior Features

Construction Materials Frame Masonry Foundation Details Combination Levels Two Parking Total 44 View Water View YN Yes

Interior Features

Basement Partial Basement YN Yes Building Features Public Restrooms Cooling Central Air Cooling YN Yes

Property Features

Association Fee 0 Business Type Food & Beverage Hotel / Motel Manufacturing Mixed Restaurant Retail Community Features Marina Near Hospital Near Schools Recreation Area Restaurant Shopping Waterfront High Traffic Location Sidewalks Electric 200+ Amp Service Human Modified YN No Inclusions All restaurant FF& E to convey with the sale. Land Lease YN No Lease Considered YN Yes New Construction YN No Owner Pays All Utilities Possible Use Investment Mixed Use Residential Retail Property Sub Type Commercial Road Frontage Type City Street Road Surface Type Paved Security Features Fire Alarm Sewer Connected Tax Annual Amount 30521 Tax Assessed Value 2246700 Tax Lot 135 /137 Tax Year 2025 Utilities Natural Gas Connected Sewer Connected Water Source Connected Zoning LBA

[Rhode Island Statewide MLS] logo Listing information © 2026 State-Wide Multiple Listing Service.
Listing provided courtesy of Gustave White Sotheby's Realty: 401-849-3000.



[Rhode Island Statewide MLS] logo

© 2026 State-Wide Multiple Listing Service. All rights reserved. The data relating to real estate for sale or lease on this web site comes in part from the Internet Data Exchange (IDX) program of the State-Wide MLS. Real estate listings held by brokerage firms other than The Lavonne Lopes Group | Keller Williams Coastal are marked with the MLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Information is deemed reliable but is not guaranteed accurate by the MLS or The Lavonne Lopes Group | Keller Williams Coastal. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated: 2026-01-23T23:37:35.827.
 
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The Lavonne Lopes Group | Keller Williams Coastal
501 Centerville Rd. Suite 201
Warwick RI, 02886