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Diego's Cantina/Rejects Brewery 116-124 Aquidneck Ave 9,149 SF 100% Leased Retail Building Middletown, RI 02842 $5,814,900 CAD ($635.58 CAD/SF)



EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Building Size
9,149 SF
Building Class
C
Year Built/Renovated
1960/2018
Price
$5,814,900 CAD
Price Per SF
$635.58 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.37
Lot Size
0.57 AC
Zoning
LBA - Commercial
Parking
44 Spaces (4.81 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
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Diego's Cantina/Rejects Brewery | 116-124 Aquidneck Ave
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