116 Aquidneck, Middletown, RI, 02842

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.

Commercial/Business
$4,200,000
Location
City/TownMiddletown
CountyNewport
Community FeaturesHospital, Marina, Recreational Facilities, Restaurants, Schools, Shopping, Near Swimming
Interior
Living Area9,149 sq. ft.
HeatingCentral Air
CoolingCentral Air
Interior FeaturesCeiling Height (12 to 15 Ft)
Additional Information
Tax Assessment$2,246,700
ZoningLBA
Exterior
Acreage0.57
Waterfront FeaturesWaterfront
Listed By: Gustave White Sotheby's Realty

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