Homes for sale - 116 Aquidneck AVE, Middletown, RI 02842

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Sheena Ruggirello

sheena.ruggirellos@gmail.com +1(860) 222-4734

$4,200,000

Est. payment - /mo

9,149 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 9,149 sqft

Price per Sqft $459

Subdivision Eastons Beach

MLS Listing ID 1401255

HOA Y/N No

Abv Grd Liv Area 9,149

Year Built 1960

Annual Tax Amount $30,521

Tax Year 2025

Lot Size 0.570 Acres

Acres 0.57

Property Sub-Type Commercial

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.

Location

State RI

County Newport

Community Eastons Beach

Zoning LBA

Rooms

Basement Partial

Interior

Cooling Central Air

Inclusions All restaurant FF&E to convey with the sale.

Exterior

Community Features Marina, Near Hospital, Near Schools, Recreation Area, Restaurant, Shopping, Waterfront, High Traffic Location, Sidewalks

Utilities Available Natural Gas Connected, Sewer Connected

View Y/N Yes

View Water

Street Surface Paved

Total Parking Spaces 44

Building

Building Description Frame,Masonry, Public Restrooms

Story 2

Foundation Combination

Sewer Connected

Water Connected

Level or Stories 2

Structure Type Frame,Masonry

New Construction No

Others

Tax ID 116124AQUIDNECKAVMDLT

Security Features Fire Alarm

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Listed by Gustave White Sotheby's Realty

Nearby School & Business

SCHOOLS PROPERTIES

Elementary Schools 9

7

Aquidneck School

Public | PK - 3
6

Joseph H. Gaudet School

Public | 5 - 8
5

Frank E. Thompson Middle School

Public | 5 - 8
5

Claiborne Pell Elementary School

Public | PK - 4
5

Forest Avenue School

Public | KG - 3
4

Joseph Gaudet Academy

Public | 4 - 4
0

St Michaels Country Day School

Private | PK - 8
0

All Saints Academy

Private | PK - 8
0

Silveira Kindergarten & Nursery School

Private | PK - KG

High Schools 4

6

Middletown High School

Public | 9 - 12
4

Rogers High School

Public | 9 - 12
0

Newport Area Career Tech Center

Public | 9 - 12
0

St George's School

Private | 9 - 12

School and business data provided by Attom Data.

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Sheena Ruggirello

+1(860) 222-4734

Agent | License ID: CN234452

Agent License ID: CN234452

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116 Aquidneck AVE Middletown, RI 02842

Sheena Ruggirello

Key Details

Location

Rooms

Interior

Exterior

Building

Others

Nearby School & Business

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