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$2,200,000 Just Listed

  • For Sale
  • Active
  • Commercial Residential Facility
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Exceptional opportunity to acquire a fully operational, turnkey restaurant in a stunning west-facing, Easton's pond-front setting. Diego's Cantina is a 5,500-square-foot space offering seating for 166 guests on two levels and is situated on a .31-acre parcel with LBA zoning. Other features include parking for 32, recently renovated exterior, and two west-facing decks. Ideal for full-service dining, private events, and continued success as a well-established, year-round operation. Sale can be combined with the adjacent parcel (See MLS #1401255).

Full Property Details for 116 Aquidneck Ave

General

  • Price: $2,200,000
  • Taxes: $20,625 (2025)
  • Status: Active
  • Type: Commercial Residential Facility
  • Source: STWMLS
  • MLS ID: 1403761
  • Updated: 1/26/2026
  • Added to Site: 3 day(s) ago

Business

  • Business Type: Commercial, Food & Beverage, Hotel/Motel, Mixed, Resta
  • Year Established: 2018
  • Seating Capacity: 166

Additional Information

  • Security/Safety: Fire Alarm

Parking

  • Total Spaces: 32

Location

  • County: Newport
  • Subdivision: Eastons Beach

Community

  • Units Assoc/Comm: 1

Heating & Cooling

  • Central air: Yes
  • Air Conditioning: Yes
  • Cooling Type: Central Air Conditioning

Utilities

  • Sewer: Connected
  • Water: Connected
  • Utility Description: Natural Gas Connected, Sewer Connected

Structural Information

  • # Buildings: 1
  • Detached/Attached: Attached
  • Construction: Frame, Masonry
  • Stories/Levels: 2
  • Building Size: 5544
  • Finished Total: 5,544 Sq. Ft.
  • Finished Above Grnd: 5,544 Sq. Ft.
  • Year Built: 1960

Lot Features

  • Property View: Water
  • Lot Size (Acres): 0.31
  • Lot Size (Sq. Ft.): 13,504
  • Lot Size: 13504
  • Frontage: City Street, Paved
  • Sidewalks: Yes
  • Potential Use: Investment, Mixed Use, Residential, Retail

Water Features

  • Water View: Yes

Financial Considerations

  • Tax Amount: $20,625
  • Tax Year: 2025
  • Owner Pays: All Utilities

Disclosures and Reports

  • Documents Avail.: Environmental Study, License(s), Site Plan, Survey, Water/Well Report
  • Inclusions: All restaurant FF&E to convey with the sale.
  • Property ID: 116AQUIDNECKAVMDLT
  • Lot Number: 135

Listed by Gustave White Sotheby's Realty

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Listing agents

— 116 Aquidneck Ave —

  • Gustave White Sotheby's Realty

  • Gustave White Sotheby's Realty

401-849-3000

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 116 Aquidneck Ave

School District:Middletown School District
NameGradesDistance
Aquidneck School
70 Reservoir Road, Middletown, RI 02842
PK-30.3 mi
Joseph Gaudet Academy
1113 Aquidneck Avenue, Middletown, RI 02842
4-1.9 mi
Joseph H. Gaudet School
1113 Aquidneck Avenue, Middletown, RI 02842
5-81.9 mi
Middletown High School
130 Valley Road, Middletown, RI 02842
9-121.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 116 Aquidneck Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/26/2026
Listed
$2,200,000
57.14%
MLS
1/09/2018
Sold
$1,400,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 116 Aquidneck Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,632
5%
$1,518,200
—
2024
$19,706
7%
$1,518,200
54%
2023
$18,470
5%
$987,700
—
2022
$17,572
-24%
$984,400
—
2021
$23,166
—
$984,400
31%
2021
$23,166
70%
$749,600
—
2018
$13,643
-11%
$749,600
—
2016
$15,301
2%
$748,600
—
2015
$14,942
—
$748,600
7%
2014
$14,876
2%
$697,100
—
2013
$14,548
—
$697,100
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Gustave White Sotheby's Realty

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116 Aquidneck Avenue, Middletown, RI 02842 (MLS# 1403761) is a Commercial Residential Facility property. 116 Aquidneck Avenue is currently listed for $2,200,000 and was received on January 26, 2026. Want to learn more about 116 Aquidneck Avenue? Do you have questions about finding other Commercial Residential Facility real estate for sale in Middletown? You can browse all Middletown real estate or contact a Coldwell Banker agent to request more information.

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