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Listed price in listed location currency (USD).
$1,875,000

0040

MLS® 1399970

Overview

Key Facts

Type 
Levels Commercial Sale
Size 5074 sqft
Garage 
Taxes $14,422
Days Active 154
Lot Size 
Approx. Age 1960
Avg. Price Per Sqft $369
MLS® Number 1399970

Property Address: 651 W Main Rd, Middletown, RI, 02842-6352

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number1399970
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1960
BasementNone
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Nov 13, 2025List Date
$1,875,000List Price

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