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$1,875,000
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Property Description
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.
Full Property Details
Full Property Details for 651 W Main Rd
General
- Price: $1,875,000
- Taxes: $14,422 (2025)
- Status: Active
- Type: Warehouse
- Source: STWMLS
- MLS ID: 1399970
- Updated: 11/13/2025
- Added to Site: 67 day(s) ago
Business
- Business Type: Restaurant, Warehouse
- Year Established: 1987
- Seating Capacity: 87
Interior
- Furnished: Yes
- Furnishings: Furnished
Additional Information
- Security/Safety: Smoke Detector(s), Security Lights
Parking
- Total Spaces: 40
Location
- County: Newport
- Subdivision: Restaurant District
- Building Name: Tito's Cantina
- Near Highway: Yes
Community
- Units Assoc/Comm: 4
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Air, Gas
Utilities
- Sewer: Connected, Public Sewer, Sanitary
- Water: Connected, Multiple Meters, Public
- Utility Description: Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected, Sewer Connected
Structural Information
- # Buildings: 2
- Detached/Attached: Attached
- Construction: Masonry
- Basement Desc.: None
- Stories/Levels: 0
- Building Size: 5074
- Finished Total: 5,074 Sq. Ft.
- Finished Above Grnd: 5,074 Sq. Ft.
- Year Built: 1960
- Other Struct. Feat.: Public Restrooms
Lot Features
- Lot Size (Acres): 0.56
- Lot Size (Sq. Ft.): 24,393
- Lot Size: 24393
- Frontage: State Road, Asphalt, Gravel, Paved
- Street Lights: Yes
- Sidewalks: Yes
- Potential Use: Commercial, Office, Retail
Financial Considerations
- Tax Amount: $14,422
- Tax Year: 2025
- Owner Pays: Common Area Maintenance, Exterior Maintenance, Insurance, Repairs, Roof Maintenance, Snow Removal, Taxes
- Tenant Pays: Air Conditioning, Electricity, Heat, Sewer, Trash Collection
Disclosures and Reports
- Documents Avail.: License(s)
- Inclusions: Equipment inventory to be provided
- Property ID: 651659WESTMAINRDMDLT
- Lot Number: 17 & 18
Listed by Hogan Associates Christie's
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Schools
Schools serving 651 W Main Rd
School District:Middletown School District
| Name | Grades | Distance |
|---|---|---|
Middletown High School 130 Valley Road, Middletown, RI 02842 | 9-12 | 0.6 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 651 W Main Rd
Date
Details
Price
Change
Source
11/13/2025
Listed
$1,875,000
—
MLS
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
Tax History for 651 W Main Rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,635
5%
$561,800
—
2024
$7,292
—
$561,800
43%
2023
$7,325
5%
$391,700
—
2022
$6,992
-32%
$391,700
—
2021
$10,264
—
$391,700
3%
2021
$10,264
48%
$381,500
—
2018
$6,943
-11%
$381,500
—
2016
$7,790
2%
$381,100
—
2015
$7,607
-14%
$381,100
-8%
2014
$8,884
2%
$416,300
—
2013
$8,688
—
$416,300
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 651 W Main Rd
651 West Main Road, Middletown, RI 02842 (MLS# 1399970) is a Warehouse property. 651 West Main Road is currently listed for $1,875,000 and was received on November 13, 2025. Want to learn more about 651 West Main Road? Do you have questions about finding other Warehouse real estate for sale in Middletown? You can browse all Middletown real estate or contact a Coldwell Banker agent to request more information.

