Charleston Commercial, a key player in the downtown Charleston real estate market, has listed several well-established downtown properties for sale or lease.
The company has created a portfolio of properties, including 153 East Bay St., 155 East Bay St. and 2 Unity Alley. This portfolio of distinct, yet interconnected, buildings are available as an $8 million package or can be purchased individually. Located in the French Quarter district, these properties are high-end and can be used as restaurants or repositioned into retail, office or residential spaces.
McCrady’s Tavern at 2 Unity Alley has long been known as one of Charleston’s favorite fine dining establishments with a history dating back to the 1700s. The property -- almost 9,000 square feet -- spans three floors with a full-service restaurant on the ground level and a second-floor open-air venue. The third floor houses administrative offices and wine storage.
The property at 153 East Bay St. is more than 5,600 square feet. This three-story mixed-use building is anchored by Pearlz Oyster Bar on the first floor. The second floor has a separate entrance and commercial elevator, which was most recently used by restaurant and bar Minero. This vaulted space with exposed brick and natural light is also suitable for office use.
The third property in this portfolio is 155 East Bay St. With more than 3,000 square feet, it’s a three-story mixed-use building. The first floor was formerly occupied by McCrady’s Counter, an experiential restaurant catering to small groups. The second floor was most recently used as a commercial kitchen, but can be used for office space and has a separate entrance. The third floor could be used as office or residential space.
“We are thrilled to offer these three incredible properties as one listing,” said Joshua Schaap, managing director for Charleston Commercial. “Even though these spaces are distinct, they flow together so well that it made sense to put them together under one umbrella listing. Someone is going to grab three terrific properties in the heart of Charleston’s busy tourist area.”
Charleston Commercial also has listed for lease the corner retail space at 328 King St. This unique space features wrap-around storefront windows, high ceilings and two mezzanines. It mostly recently was home to Jos. A. Bank. This property is strategically located at the corner of King and George streets and across from the Roost Boutique Hotel, a luxury boutique hotel currently under construction.
Also available for lease is another high-end property at 438 King St. The first floor retail space has floor-to-ceiling storefront windows, high ceilings and a mezzanine. This space opens into a courtyard for additional retail or event space.
The second- and third-floor office space at 438 King St. features hardwood floors, high ceilings, wrap-around porches and windows with views of the Arthur Ravenel Jr. Bridge. This historically restored property is one block from Marion Square and Hotel Bennett. A parking lot is available on-site.
Charleston Commercial has brokered several high-profile and complex commercial real estate deals across the Lowcountry. Over the summer, Charleston Commercial brokered the sale of iconic Shem Creek eatery R.B.'s Seafood Restaurant for $7 million.
Over the last three years, Charleston Commercial has brokered or participated in 19 property acquisitions in downtown Charleston, totaling more than $74 million. The company was part of one of the largest deals of the last decade, consisting of eight properties from six property owners in a landmark deal bordered by King, Society and George streets.
“Our experience with iconic properties and historic buildings has allowed us to positively shape the face of Charleston,” said C. Kendrick. “Our work on complex zoning issues, utilities and historic properties gives us an edge when it comes to facilitating commercial real estate sales, acquisitions and developments in the Lowcountry’s most historic areas.”