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124 Aquidneck Ave 5,080 SF Retail Building Middletown, RI 02842 $1,999,000 ($393.50/SF)



EXECUTIVE SUMMARY
Commercial opportunity!! 124 Aquidneck Ave currently offers 5,080 of gross square footage within a one- and two-story masonry and steel structure. The 3,605-square-foot first floor is currently occupied by Reject’s Brewery, a fully functioning brewpub featuring a large bar area, commercial kitchen, brewing facilities, food processing space, multiple offices, and ample storage. Situated on a 10,369-square-foot, LBA-zoned parcel with parking for approximately 15 vehicles, the property enjoys a prime location adjacent to Easton’s Pond with beautiful water views. The zoning and layout allow for a wide range of potential uses, including food service, manufacturing, distribution, retail, and/or hospitality. The sale may include the existing brewing equipment or be delivered as a bare-bones offering, presenting an excellent opportunity for redevelopment or owner-user occupancy. Can also be sold with adjacent property at 116 Aquidneck Ave (See MLS # 1401255).
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Building Size
5,080 SF
Building Class
C
Year Built
1875
Price
$1,999,000
Price Per SF
$393.50
Tenancy
Single
Building Height
2 Stories
Building FAR
0.49
Lot Size
0.24 AC
Zoning
LBA
Parking
15 Spaces
AMENITIES
- Restaurant
- Waterfront
- Air Conditioning
- Balcony
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | MIDD-000115-S000000E-000137 | Improvements Assessment | $296,500 |
| Land Assessment | $432,000 | Total Assessment | $728,500 |
PROPERTY TAXES
Parcel Number
MIDD-000115-S000000E-000137
Land Assessment
$432,000
Improvements Assessment
$296,500
Total Assessment
$728,500
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124 Aquidneck Ave
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