Two adjacent Aquidneck Avenue businesses — Diego’s Cantina and Rejects Brewery — have been listed for sale together as a single package for $4.2 million.
The properties at 116-124 Aquidneck Ave. combine to form a 0.57-acre parcel that real estate agents say offers multiple investment paths, including the potential for future hotel or mixed-use development.
Diego’s Cantina is a turnkey 5,500-square-foot, 166-seat Mexican restaurant and event venue featuring west-facing views of Easton Pond. The pond-front location makes it suitable for dining, private events and year-round operations, according to the listing.
Next door, Rejects Brewery offers 3,600 square feet of LBA-zoned space that could accommodate food service, manufacturing, distribution or other uses.
Both businesses are fully operational, providing immediate income for a potential buyer while leaving open the possibility of future redevelopment.
The property, originally built in 1960, carries annual property taxes of $30,521.
Mike Sweeney and David Huberman of Gustave White Sotheby’s International Realty represent the listing.