124 Aquidneck Ave - Restaurant FOR SALE


Middletown, RI 02842
$1,999,000 USD
401-848-6712
124 Aquidneck Ave, Middletown, RI for Sale
$1,999,000 USD
Restaurant - FOR SALE
1/15
null | Request Cap Rate

124 Aquidneck Ave
Middletown, RI 02842


OVERVIEW

Commercial opportunity!! 124 Aquidneck Ave currently offers 5,080 of gross square footage within a one- and two-story masonry and steel structure. The 3,605-square-foot first floor is currently occupied by Reject’s Brewery, a fully functioning brewpub featuring a large bar area, commercial kitchen, brewing facilities, food processing space, multiple offices, and ample storage. Situated on a 10,369-square-foot, LBA-zoned parcel with parking for approximately 15 vehicles, the property enjoys a prime location adjacent to Easton’s Pond with beautiful water views. The zoning and layout allow for a wide range of potential uses, including food service, manufacturing, distribution, retail, and/or hospitality. The sale may include the existing brewing equipment or be delivered as a bare-bones offering, presenting an excellent opportunity for redevelopment or owner-user occupancy. Can also be sold with adjacent property at 116 Aquidneck Ave (See MLS # 1401255).

FOR SALE DETAILS

PRICE

$1,999,000 USD

PRICE/SF

$401 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Office, Distribution, Manufacturing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1875

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,369 SF

ZONING

LBA

APN/PARCEL ID

MIDD-000115-S000000E-000137

ASK ABOUT THIS PROPERTY

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

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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.