124 Aquidneck Avenue Middletown

$1,999,000
3,605 sq ft

The Property

Commercial opportunity!! 124 Aquidneck Ave currently offers 5,080 of gross square footage within a one- and two-story masonry and steel structure. The 3,605-square-foot first floor is currently occupied by Reject’s Brewery, a fully functioning brewpub featuring a large bar area, commercial kitchen, brewing facilities, food processing space, multiple offices, and ample storage. Situated on a 10,369-square-foot, LBA-zoned parcel with parking for approximately 15 vehicles, the property enjoys a prime location adjacent to Easton’s Pond with beautiful water views. The zoning and layout allow for a wide range of potential uses, including food service, manufacturing, distribution, retail, and/or hospitality.

The sale may include the existing brewing equipment or be delivered as a bare-bones offering, presenting an excellent opportunity for redevelopment or owner-user occupancy. Can also be sold with adjacent property at 116 Aquidneck Ave (See MLS # 1401255).

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Listing Details

MLS Number

1403147

Lot Size:

0.24 acres

Features

  • Restrooms
  • Hospital
  • Marina
  • Recreational Facilities
  • Restaurants
  • Schools
  • Shopping
  • Near Swimming
  • Heating: Central Air
  • Heating Fuel: Central Air
  • Laundry
  • Paved
  • Sidewalks
  • Downtown
  • Year Built: 1875
  • Water Amenities: Waterfront

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Market Trends for Commercial Properties
in Middletown

  • Overview
    Homes for Sale Today14-84.1% decrease in inventory
    New on Market *4-33.3% decrease in new listings
    Avg. Asking Price/Sq.Ft. *$404.79$37 increase in List Price/Sq.Ft.
    Avg. Sale Price *$425,000$210,000 decrease in Avg. Sale Price
    Avg. Sale Price as % of Asking Price *100.00%-30.8% decrease in Sales to List Price
    Avg. Sale Price/Sq.Ft. *$341.91$17 increase in Sale Price/Sq.Ft.
    Avg. Days on Market of Sold *20189 decrease 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?

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    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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