116 Aquidneck Ave, Middletown, RI

$3,999,000

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9,149

Square feet

0.57

Acres

About 116 Aquidneck Ave

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.

Pricing and availability subject to change.

Features of 116 Aquidneck Ave

MLS® # 1401255
Price $3,999,000
Square Footage 9,149
Square Footage 24829
Acres 0.57
Year Built 1960
Type Commercial Sale
Sub-Type Commercial
Status Active Under Contract

Community Information

Address 116 Aquidneck Ave
Subdivision Eastons Beach
City Middletown
County Newport
State RI
Zip Code 02842

Amenities

Utilities Natural Gas Connected, Sewer Connected
Parking Spaces 44
View Water
Is Waterfront No
Has Pool Yes

Interior

Cooling Central Air
Fireplace No
# of Stories 2
Stories 2
Has Basement Yes
Basement Partial

Exterior

Exterior Frame, Masonry
Construction Frame, Masonry
Foundation Combination

Additional Information

Date Listed December 8th, 2025
Days on Market 89
Zoning LBA
Short Sale No
RE / Bank Owned No

Listing Details

OfficeGustave White Sotheby's Realty
Contact Info401-849-3000

Listing Map

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