0 Baths
9,149 sqft
$3,725,000
116 Aquidneck Avenue, Middletown RI, 02842
Price per sqft$407.15
Built in1960
Property size9,149 sqft
Property typeCommercial
Overview
Sold
Closed
Listed Dec 8, 2025
Updated Jun 16
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.
Additional information
- MLS® ID
- 1401255
Interior Features
- Bathrooms
- 0
- Cooling
- Yes
- Basement
- Yes
Exterior Features
- Lot Size
- 0.57 Acres
Other Property Details
- Taxes
- $30,521
- Tax Frequency
- Annually
- View
- Yes
Courtesy of Gustave White Sotheby's Realty, 401-849-3000
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Data last updated 3:47 AM UTC, 6/16/2026.