116 - 124 Aquidneck Avenue, Middletown
116 - 124 Aquidneck Avenue, Middletown
116 - 124 Aquidneck Avenue, Middletown
116 - 124 Aquidneck Avenue, Middletown
116 - 124 Aquidneck Avenue, Middletown
116 - 124 Aquidneck Avenue, Middletown
116 - 124 Aquidneck Avenue, Middletown
116 - 124 Aquidneck Avenue, Middletown
116 - 124 Aquidneck Avenue, Middletown
116 - 124 Aquidneck Avenue, Middletown
116 - 124 Aquidneck Avenue, Middletown

116 - 124 Aquidneck Avenue Middletown

$4,200,000
9,149 sq ft

Map View Street View

The Property

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 Details

MLS Number

1401255

Lot Size:

0.57 acres

Features

  • Basement: Partial
  • Restrooms
  • Hospital
  • Marina
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Heating: Central Air
  • Heating Fuel: Central Air
  • Laundry
  • Paved
  • Sidewalks
  • Downtown
  • Year Built: 1960
  • Water Amenities: Waterfront

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Market Trends for Commercial Properties
in Middletown

  • Overview
    Homes for Sale Today14-83.3% decrease in inventory
    New on Market *12200% increase in new listings
    Avg. Asking Price/Sq.Ft. *$363.80$54 increase in List Price/Sq.Ft.
    Avg. Sale Price *$937,500$712,500 increase in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *237.34%137.3% increase in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$350.74$141 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *7986 increase in days on market

    * All data is calculated based on the last 30 days

  • Avg. Sale Price
  • Avg. Days on the Market
  • New Market Inventory
  • Lila's Estimate

    Realtors Property Resource

    This is an estimate home valuation provide by RPR. It is based on RPR’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    ...

    Zillow

    This is an estimate home valuation provide by Zillow. It is based on Zillow’s estimate market value and not an appraisal. You can use it as a starting point on the home’s value.

    Real value?

    Contact Us

    Online estimates take you only so far. One of our associates can give you a market analysis of what your homes value.

Listed by Gustave White Sotheby's Realty

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