Price Reduced 4.79%
Price History
$4,200,000
12/8/2025
$3,999,000
2/18/2026
116 124 Aquidneck Avenue, Middletown, RI, 02842
1960
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.
Status:
Active
Type:
Commercial
Units:
1
Zoning:
LBA
Complex:
Eastons Beach
Cooling:
Central Air
Basement:
Partial
Parking:
44-car
Acreage:
0.57
Est. Taxes:
$30,521
Assessment
$2,246,700
Permitted Use
Investment,Mixed Use,Residential,Retail
Construction
Frame,Masonry
Utilities
Natural Gas Connected,Sewer Connected
View Description:
Water
Amenities:
Marina, Near Hospital, Near Schools, Recreation Area, Restaurant, Shopping, Waterfront, High Traffic Location, Sidewalks
Days on Market:
72
MLS #:
1401255
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Gustave White Sotheby's Realty 401-849-3000