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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

The data relating to real estate for sale on this web site comes in part from the IDX Program of the State-Wide MLS, Inc. Real estate listings held by brokerage firms other than Lila Delman Compass are marked with the MLS logo and detailed information about them includes the name of the listing brokers. Information deemed reliable but not guaranteed.

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Data last updated 3:47 AM UTC, 6/16/2026.

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