651 West Main Road Middletown, RI $ 1,875,000
651 West Main Road
$ 1,875,000
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651 West Main Road

Middletown, RI, 02842
$ 1,875,000
Bedrooms-- Baths-- Sq 5,074

Monthly Estimate*

$ 11,698

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Commercial Property for sale in Middletown, RI

for $1,875,000. This 5,074 square foot building was built in 1960 on a lot size of 0.56.

Prime Commercial Opportunity - Two Adjacent High Visibility Parcels on Rt 114, Middletown, RI, Aquidneck Island's highest-traffic corridor. Parcel 1: Home to Tito's Cantina, an iconic Mexican restaurant established 38 years ago as the first Mexican restaurant on Aquidneck Island. The property features a free-standing 2124 SF building on a 12,196 SF lot. Owner occupied since 2000, therefore no rental history is available. The sale includes all licenses, including liquor and victualing licenses, conveying with the property. Parcel 2: A single-story masonry retail strip center totaling 2950 SF on a 12,197 SF lot, currently divided into 3 tenant spaces. All tenants pay separate utilities. While no formal leases are in place, the property generates approximately $45,000 in annual gross rent. Together, the parcels comprise 24,393 (0.56 acres) with 150 linear feet frontage on Rt 114. Directly across from Navy surplus land slated for redevelopment - poised to become a new commercial hub on Aquidneck Island. Financials (income and expenses) available to qualified, interested parties.

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Commercial Active

Price

$ 1,875,000

Property Type

Commercial

Taxes

$ 14,422

Style

Lot Size

0.56

Year Built

1960

Town/City

Middletown

County/Region

Newport

MLS | Web ID

1399970

List By
Hogan Associates Christie's

Broker

paul@hoganri.com

Email

Affordability Calculator

$12,899
Per Month
91%
9%
0%
Monthly Principal & Interest
$11,698
Monthly Property Taxes
$1,202
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
0 Elementary School
0 Middle School
Pricing History
DatePricePrice ChangeDescription
11/13/2025$1,875,000 Listed Price

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651 West Main Road, Middletown, RI, 02842 is a Commercial Property for sale at $1,875,000 with 5,074 sqft and a lot size of 0.56. 651 West Main Road was built in 1960. The property's zip code is 02842 which is in Middletown, RI