A rare development opportunity in the heart of Middletown. This

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Commercial For Sale

116 Aquidneck Avenue

Middletown, Rhode Island 02842

Newport County

Waterfront: Yes

Water View: Yes

Community: Eastons Beach

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$4,200,000 0 br, 0.0 bath 0 sq. ft. 0.570 acres

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 morebined, 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.

Interior:
  • Bedrooms: 0
  • Baths: 0.0
  • Sq Ft: 0
  • Year Built: 1960
  • Utilities: 
  • Fireplaces: 
  • Stories: 2
  • Heat/AC: Central
  • Garage: 
Exterior:
  • Lot Size: 0.570 acre
  • Lot Dimensions: 
  • Waterfront: Yes
  • View Types: Water
  • Yard: 
  • Siding: Frame, Masonry
  • Roof: 
  • Property Taxes: $30,521
  • MLS #: 1401255
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Contact Information:
Beach Commercial For Sale in Middletown, Rhode Island
Listing Agent: Mike Sweeney, Gustave White Sotheby's International Realty, 401-849-3000, 401-849-3000 Listing Site, Listing Status: Active
Copyright © 2025 State Wide MLS of Rhode Island, Inc.. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Ad Number: 6935766
Viewed 16 times.
Updated: Dec 08, 2025

This property is a Commercial located at 116 Aquidneck Avenue, Middletown, Rhode Island 02842, and is currently For Sale at $4,200,000. This Commercial has 0 bedrooms, 0.0 baths, 0 sq ft.