116 Aquidneck Avenue 124, Middletown, RI 02842
- $3,725,000
- Sold Price
- $3,725,000
- List Price
- $3,999,000
- Status
- CLOSED
- MLS#
- 1401255
- Closing Date
- May 26, 2026
- Year Built
- 1960
- Levels
- Two
- Acres
- 0.57
- Subdivision
- Eastons Beach
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.
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Additional Information
- Taxes
- $30,521
- Lot Size
- 24,829
- Cooling System Type
- Central Air
- Sewer
- Connected
- Water Source
- Connected
- Basement
- Partial
- Parking Spaces
- 44
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Listing courtesy of Gustave White Sotheby's Realty. Contact: 401-849-3000
Selling Office: Hogan Associates Christie's.
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