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$4,200,000
1 Day On Site

116 Aquidneck Avenue 124
Middletown, RI 02842

For Sale|Hotel/Motel|Active
0
Beds
0
Total Baths
9,149
SqFt
$459
/SqFt
1960
Built
Subdivision:
Eastons Beach
County:
Newport

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(860) 402-5872
116 Aquidneck Avenue 124116 Aquidneck Avenue 124116 Aquidneck Avenue 124116 Aquidneck Avenue 124
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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.

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Listing Snapshot
Price 
$4,200,000
Days On Site 
1 Day
Bedrooms 
N/A
Inside Area (SqFt) 
9,149 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.57 Acres
Year Built 
1960
MLS® Number 
1401255
Status 
Active
Property Tax 
$30,521
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
yesterdayListing first seen on site
yesterdayListing updated with changes from the MLS®
General Features
Acres 
0.57
Additional Property Use 
InvestmentMixed UseResidentialRetail
Building Features 
PublicRestrooms
Foundation 
Combination
Land Lease 
No
Levels 
Two
Number Of Stories 
2
Parking Spaces 
44
Property Sub Type 
Hotel/Motel
Security 
Fire Alarm
SqFt Above 
9149
SqFt Total 
9149
Utilities 
Natural Gas ConnectedSewer ConnectedWater Connected
Zoning 
LBA
Interior Features
Basement 
Partial
Cooling 
Central Air
Electric 
200+ Amp Service
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Exterior Features
Construction Details 
Frame
Road Frontage 
City Street
View 
Water
Waterview 
Water
Community Features
Community Features 
RestaurantSidewalks
Roads 
Paved
Listing courtesy of Mike Sweeney of Gustave White Sotheby's Realty 4018620164



Listing information is provided by Participants of the State-Wide MLS of Rhode Island, Inc. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2025, State-Wide MLS of Rhode Island, Inc.
Last checked: 2025-12-10 06:18 AM UTC

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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