116 Aquidneck Avenue Middletown, RI $ 4,200,000
116 Aquidneck Avenue
$ 4,200,000
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116 Aquidneck Avenue

Middletown, RI, 02842
$ 4,200,000
Bedrooms-- Baths-- Sq 9,149

Monthly Estimate*

$ 26,203

116 Aquidneck Avenue, Middletown, RI 02842 - Image 1
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Commercial Property for sale in Middletown, RI

for $4,200,000. This 9,149 square foot building was built in 1960 on a lot size of 0.57.

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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Commercial Active

Price

$ 4,200,000

Property Type

Commercial

Taxes

$ 30,521

Style

Lot Size

0.57

Year Built

1960

Town/City

Middletown

County/Region

Newport

MLS | Web ID

1401255

List By
Gustave White Sotheby's Realty

Broker

msweeney@gustavewhite.com

Email

Affordability Calculator

$28,746
Per Month
91%
9%
0%
Monthly Principal & Interest
$26,203
Monthly Property Taxes
$2,543
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
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Pricing History
DatePricePrice ChangeDescription
12/8/2025$4,200,000 Listed Price

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116 Aquidneck Avenue, Middletown, RI, 02842 is a Commercial Property for sale at $4,200,000 with 9,149 sqft and a lot size of 0.57. 116 Aquidneck Avenue was built in 1960. The property's zip code is 02842 which is in Middletown, RI