116-124 Aquidneck Ave - Retail FOR SALE


Middletown, RI 02842
$4,200,000 USD
401-848-6712
116-124 Aquidneck Ave, Middletown, RI for Sale
$4,200,000 USD
Retail - FOR SALE
1/11
null | Request Cap Rate

116-124 Aquidneck Ave
Middletown, RI 02842


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,200,000 USD

PRICE/SF

$459 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Diego's Cantina/Rejects Brewery

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding, Restaurant, Distribution

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

SPRINKLERS

-

PARKING SPACES

44

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

LBA

APN/PARCEL ID

MIDD-000115-S000000E-000137

ASK ABOUT THIS PROPERTY

Lisa BabbittGustave White Sotheby's RealtyMore Info
401-848-6712

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Lisa BabbittGustave White Sotheby's RealtyMore Info
401-848-6712

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.