651 - 659 West Main Road Middletown

$1,875,000
5,074 sq ft

The Property

Prime Commercial Opportunity – Two Adjacent High Visibility Parcels on Rt 114, Middletown, RI, Aquidneck Island’s highest-traffic corridor. Parcel 1: Home to Tito’s Cantina, an iconic Mexican restaurant established 38 years ago as the first Mexican restaurant on Aquidneck Island. The property features a free-standing 2124 SF building on a 12,196 SF lot. Owner occupied since 2000, therefore no rental history is available.

The sale includes all licenses, including liquor and victualing licenses, conveying with the property. Parcel 2: A single-story masonry retail strip center totaling 2950 SF on a 12,197 SF lot, currently divided into 3 tenant spaces. All tenants pay separate utilities. While no formal leases are in place, the property generates approximately $45,000 in annual gross rent. Together, the parcels comprise 24,393 (0.56 acres) with 150 linear feet frontage on Rt 114. Directly across from Navy surplus land slated for redevelopment – poised to become a new commercial hub on Aquidneck Island. Financials (income and expenses) available to qualified, interested parties.

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Listing Details

MLS Number

1399970

Lot Size:

0.56 acres

Features

  • Restrooms
  • Highway Access
  • Public School
  • Restaurants
  • Shopping
  • Heating: Forced Air, Gas Connected
  • Heating Fuel: Forced Air, Gas Connected
  • Laundry
  • Paved
  • Free Standing
  • Year Built: 1960

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Listed by Hogan Associates Christie's

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