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$55,000 Just Listed
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Property Description
Great opportunity to own a well-established bubble tea and beverage shop in the heart of Providence! Ideally located on vibrant Thayer Street, this business enjoys excellent visibility and strong year-round foot traffic, surrounded by restaurants, shops, and the bustling campus life of Brown University and RISD. The location benefits from a strong student and local customer base, providing consistent demand year-round. The business is fully equipped and ready for a new owner to take over operations, with existing drink recipes, equipment, and operational setup included. Whether you're looking to continue operating as a bubble tea shop or bring your own beverage concept to this high-traffic location, this is an excellent opportunity to establish your business in one of Providence's most desirable commercial districts.
Full Property Details
Full Property Details for 224 Thayer St #LL-A2
General
- Price: $55,000
- Taxes: (2026)
- Status: Active
- Type: Business
- Source: STWMLS
- MLS ID: 1424004
- Updated: 9/22/2026
- Added to Site: 1 day(s) ago
Business
- Business Type: Candy/Cookie, Food & Beverage, Fast Food, Mixed, Other
Additional Information
- Security/Safety: Security System, Closed Circuit Camera(s), Carbon Monoxide Detector(s), Fire Alarm, 24 Hour Security, Smoke Detector(s), See Remarks, Building Security, Fire Sprinkler System
Location
- County: Providence
- Subdivision: College Hill / Eastside
Community
- Units Assoc/Comm: 1
Heating & Cooling
- Central air: Yes
- Air Conditioning: Yes
- Cooling Type: Central Air Conditioning
- Heating Type: Central, Forced Air
Utilities
- Sewer: Connected, Public Sewer
- Water: Connected, Multiple Meters, Public, Water Tap Fee
- Utility Description: Electricity Available, Natural Gas Not Available, Sewer Connected, Water Connected
Structural Information
- # Buildings: 1
- Detached/Attached: Detached
- Construction: Brick, Masonry, Other
- Stories/Levels: 1
- Building Size: 1000
- Finished Total: 1,000 Sq. Ft.
- Finished Above Grnd: 1,000 Sq. Ft.
- Other Struct. Feat.: Cafeteria, Public Restrooms
Lot Features
- Sidewalks: Yes
- Development Status: Subdivided
- Potential Use: Investment, Mini Storage, Mixed Use, Office, Recreational, Retail, See Remarks
Financial Considerations
- Tax Year: 2026
- Terms: Assumable, Lease, Lease Option
- Owner Pays: Insurance, Roof Maintenance, Snow Removal, Sewer, Water
- Tenant Pays: Air Conditioning, Electricity, HVAC Maintenance, Heat, Hot Water, Insurance, Repairs, See Remarks, Trash Collection, Telephone
Disclosures and Reports
- Inclusions: All currently installed and operational kitchen appliances and equipment used in the operation of the business.
- Property ID: 224THAYERSTLL-A2PROV
Listed by Coastline Realty LLC
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Schools
Schools serving 224 Thayer St #LL-A2
School District:Providence School District
| Name | Grades | Distance |
|---|---|---|
Vartan Gregorian El. School 455 Wickenden Street, Providence, RI 02903 | PK-5 | 0.7 mi |
Martin Luther King El. School 35 Camp Street, Providence, RI 02906 | K-5 | 0.7 mi |
Harry Kizirian Elementary School 60 Camden Avenue, Providence, RI 02908 | K-5 | 1.5 mi |
Nathan Bishop Middle School 101 Sessions Street, Providence, RI 02906 | 6-8 | 1 mi |
Nathanael Greene Middle School 721 Chalkstone Avenue, Providence, RI 02908 | 6-8 | 1.6 mi |
Esek Hopkins Middle School 480 Charles Street, Providence, RI 02904 | 6-8 | 1.7 mi |
Hope High School 324 Hope Street, Providence, RI 02906 | 9-12 | 0.5 mi |
Central High School, Providence, RI 70 Fricker Street, Providence, RI 02903 | 9-12 | 1.3 mi |
Classical High School, Providence, RI 770 Westminster Street, Providence, RI 02903 | 9-12 | 1.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 224 Thayer St #LL-A2
Date
Details
Price
Change
Source
9/22/2026
Listed
$55,000
—
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 224 Thayer St #LL-A2
Year
Property Taxes
Change
Tax Assessment
Change
2025
$67,481
-38%
$4,622,000
50%
2024
$107,985
—
$3,076,500
—
2023
$107,985
-1%
$3,076,500
—
2022
$108,908
-4%
$3,076,500
-1%
2021
$113,939
5%
$3,104,600
5%
2019
$108,302
2%
$2,951,000
2%
2018
$106,536
—
$2,902,900
—
2017
$106,536
—
$2,902,900
—
2016
$106,536
-9%
$2,902,900
-8%
2015
$116,479
—
$3,169,500
—
2014
$116,479
—
$3,169,500
—
2013
$116,479
—
$3,169,500
—
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 224 Thayer St #LL-A2
224 Thayer Street #LL-A2, Providence, RI 02906 (MLS# 1424004) is a Business property. 224 Thayer Street #LL-A2 is currently listed for $55,000 and was received on September 22, 2026. Want to learn more about 224 Thayer Street #LL-A2? Do you have questions about finding other Business real estate for sale in Providence? You can browse all Providence real estate or contact a Coldwell Banker agent to request more information.

