RI > Middletown > Restaurant District
Middletown, RI 02842,651 West Main RD
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Middletown, RI 02842,651 West Main RD
Middletown, RI 02842,651 West Main RD
Middletown, RI 02842,651 West Main RD
Middletown, RI 02842,651 West Main RD
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Steven O'Bryan

Steven O'Bryan

+1(401) 486-7904
$ 1,875,000
Est. payment /mo
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651 West Main RD Middletown, RI 02842

5,074 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,074 sqft

Price per Sqft $369

Subdivision Restaurant District

MLS Listing ID 1399970

HOA Y/N No

Abv Grd Liv Area 5,074

Year Built 1960

Annual Tax Amount $14,422

Tax Year 2025

Lot Size 0.560 Acres

Acres 0.56

Property Sub-Type Commercial

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.

Location

State RI

County Newport

Community Restaurant District

Zoning GBA

Rooms

Basement None

Interior

Heating Forced Air, Gas

Cooling Central Air

Inclusions Equipment inventory to be provided

Furnishings Furnished

Exterior

Community Features Highway Access, Near Schools, Restaurant, Shopping, High Traffic Location, Street Lights, Sidewalks

Utilities Available Natural Gas Connected, Municipal Utilities, Phone Available, Water Connected, Sewer Connected

Street Surface Asphalt,Gravel,Paved

Total Parking Spaces 40

Building

Building Description Masonry, Public Restrooms

Foundation Concrete Perimeter

Sewer Connected, Public Sewer, Sanitary

Water Connected, Multiple Meters, Public

Structure Type Masonry

New Construction No

Others

Tax ID 651659WESTMAINRDMDLT

Security Features Smoke Detector(s),Security Lights

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Listed by Hogan Associates Christie's
Steven O'Bryan

Steven O'Bryan

Agent | License ID: RES.0046708

+1(401) 486-7904

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651 West Main RD