153-155 E BAY & 2 UNITY ALLEY - MCCRADY'S PORTFOLIO - "THE PROJECT" - LOOPNET
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153-155 E Bay & 2 Unity Alley
McCrady’s Portfolio – “The Project”
…
153 East Bay 153 East Bay 2 Unity Alley
Available for Sale, 153, 155 East Bay and 2 Unity Alley. This portfolio offering (also available individually) consists of
three mixed use/ three story commercial buildings in the downtown French Quarter District of Charleston. The properties
were formerly occupied by a restaurant group and all but one suite is now vacant. These spaces are high end, 2nd
generation spaces that used to be operated by James Beard winning chefs. The properties can function as restaurant space
once again or easily be repositioned into retail, office and residential.
Keller Williams Commercial • 496 Bramson Court Suite 200 Mount Pleasant, SC 29464 • Office: 843-416-2021 Fax: 800- 532-1658 1
Table of Contents
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Pg 4, 5 Overview
Pg 6 3D Tour of The Project
Pg 7 Zoning Information
Pg 8,9,10,11 First Floor description and photos
Pg 12,13,14 Second Floor description and photos
Pg 15 Third Floor
Pg 16 Drone Footage
Pg 17 Market Stats
Pg 18,19,20,21,22 Trade Area Description
Pg 23 Broker Contact Info
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Keller Williams Commercial • 496 Bramson Court Suite 200 Mount Pleasant, SC 29464 • Office: 843-416-2021 Fax: 800- 532-1658
Disclosure
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Keller Williams Commercial - Charleston is pleased to offer this Exclusive Listing for 153, 155 East Bay & 2 Unity Alley
Charleston, SC 29401.
This Offering Memorandum has been prepared by KW Commercial of South Carolina (“Broker”) and is being furnished to you solely for the
purpose of your review of the subject property.
KW Commercial South Carolina is the exclusive Listing Broker. By accepting this Offering Memorandum, you willfully agree that all
information contained within the Offering Memorandum is confidential.
Information provided may be reliable, however it is not guaranteed. Broker makes no representations or warranties surrounding the
information contained herein. You should verify all information with respective third party professionals, including but not limited to your
accountant and your attorney. You agree to hold Broker harmless surrounding the subject property.
The Offering Memorandum does not constitute an offer to accept any proposal but is merely a solicitation with respect to the subject offering
described within the Offering Memorandum.
3
Keller Williams Commercial • 496 Bramson Court Suite 200 Mount Pleasant, SC 29464 • Office: 843-416-2021 Fax: 800- 532-1658
Overview: Circa 1788,
Portfolio Price: Asking $8,000,000 for Three Distinct, Interconnected and
Historic Properties that boasts Charlesto n First and Original Tavern
…
Charleston’s most distinctive and original 153 E Bay
Tavern, most distinguished banquet hall and
affiliated properties are now available for sale.
This exceptionally priced opportunity grants its
prospective Buyer the ability to be a part of
Charles-ton Historic Fabric.
Address Level SF 155 E Bay
2 Unity Alley McCrady’s Tavern (Vacant) 4050.00
2 Unity Alley Long Room (Vacant) 4053.00
2 Unity Alley Office (Vacant) 860.00
8963.00
Address Level SF
153 E Bay Pearlz (Tenant Occupied/ ROFO) 2188.00
153 E Bay Second Floor Dining Room (Vacant) 2271.00 2 Unity Alley
153 E Bay Third Floor Storage (unfinished) 1148.00
153 E Bay First Floor 5607.00
Address Level SF
155 E Bay McCrady's Counter (Vacant) 1161.00
155 E Bay Second Floor Kitchen (Vacant) 1067.00
155 E Bay Third Floor Office (Vacant) 1036.00 4
3264.00
Overview: Circa 1788,
Portfolio Price: Asking $8,000,000 for Three Distinct, Interconnected and
Historic Properties that boasts Charlesto n First and Original Tavern
2 Unity Alley – 8,963 Sf For Sale
Available for Sale, McCrady’s Tavern is nestled in a cobblestone alley just off East Bay Street in the historic French Quarter District of
downtown Charleston, SC. The property has long been known as one of Charleston’s favorite fine dining establishments with a history going
back to the 1700’s and stands as one of America’s most historic restaurants. The beautifully restored restaurant and special events venue was
most recently operated as McCrady’s Tavern, and after decades of success, ownership has decided to pass the torch to the next deserving
restauranteur.
The property, located at 2 Unity Alley, spans 3 floors and totals 8,963 square feet. The first floor is a 4,050 SF full-service restaurant including a
large spirited bar with warm brick arches and exposed beams. The second floor known as ‘The Long Room’ is a 4,053 SF prestigious open-air
venue with high end finishes including fireplaces, Venetian chandeliers and 15-foot ceilings. The third floor is 860 SF of administrative space
and wine storage.
153 East Bay – 5,607 Sf For Sale
Available for Sale, 153 East Bay is a three-story mixed-use building in the historic French Quarter District of downtown Charleston, SC. The
property is anchored by the extraordinarily successful Pearlz Oyster Bar on the first floor, which has been operating here since 2004. The
second floor has a separate entrance and commercial elevator which was most recently used by Minero, a full-service restaurant and bar. This
vaulted space with exposed brick and natural light is also suitable for office space. The third floor was previously used as storage space for
Minero.
155 E Bay – 3,264 SF For Sale
Available for Sale, 155 East Bay is a three-story mixed-use building in the historic French Quarter District of downtown Charleston, SC. The
property’s first floor was formerly occupied by McCrady’s Counter, which was an experiential restaurant catered to small groups. The second
floor was most recently used as a commercial kitchen, however, is ideal for office space as well with a separate entrance on E Bay. The third
floor can be used as office or residential space
5
The Project can be bought separately or as a portfolio.
3D Tour – Explore Now
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Take the 3D Tour NOW!
Please just follow the link below and enjoy a virtual tour of the subject
properties. OR, Copy in your browser.
https://my.matterport.com/show/?m=SEzBjiM9BgR
6
Zoning
City of Charleston, Historic District, French Quarter, Limited Business
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The Project zoning currently allows for 7am – 11pm business hours. Other local bars in the same zoning and immediate
proximity, including Pearlz (153 E Bay), received variances to stay open till 1am.
7
Keller Williams Commercial • 496 Bramson Court Suite 200 Mount Pleasant, SC 29464 • Office: 843-416-2021 Fax: 800- 532-1658
Floor Plan
First Floor- Perspective and Description
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Frist Floor:
With Two entrances along Unity Alley, and four along East Bay,
circulation and subdivision of subject properties is easily ascertainable.
The main entrance along Unity Alley is inspired by the first and original
Tavern in Charleston SC, founded by none other than Mr. Edward
McCrady himself. The arcades, exposed brick, tall ceilings, and exposed
ceiling joists will inspire the next generation of Charleston’s Tavern
Operators.
The secondary entrance along Unity Alley takes patrons directly into the
stately “Long Room”.
Along East Bay, residents and guest enjoy wide store fronts into highly
coveted retail/restaurant bays. OR, separate and private access will take you
to the second floor. Currently there is a commercial grade elevator located
at the ground floor of 155 E Bay.
8
Floor Plan
First Floor- 2 Unity Alley – Picture Story Board. The Tavern and
Commercial Kitchen
…
9
Overview: Circa 1788,
Portfolio Price: Asking $8,000,000 for Three Distinct, Interconnected and
Historic Properties that boasts Charlesto n First and Original Tavern
…
McCrady’s Tavern is nestled in a cobblestone alley just off East Bay Street and one block north of
Broad St. This historic district positioned on the southeastern end of the peninsula is better
known as the French Quarter. The French Quarter is bounded by the Cooper River to the east,
Broad St to the south, Meeting St to the west, and Market St to the north, and is roughly within
the original “walled” city of Charleston which existed during the hazardous years of Charleston in
the late 1600’s and early 1700’s. The name recognizes the high concentration of French merchants
and Huguenot’s in the area’s history. Today, the French Quarter is home to numerous restaurants,
art galleries, museums, hotels, businesses, churches, theatres, residents, and visitors as well as the
historic market.
McCrady’s Tavern was constructed throughout the late 1700’s and is considered one of
Charleston’s oldest and best-preserved Revolutionary-era taverns. The building has retained many of
its original architectural elements, including the first-floor brick arcade and kitchen hearths, as well
as the second-floor Long Room, historically used for significant political gatherings including a
dinner for President George Washington in 1791 and theatre performances. The Long Room also
retains its original eighteenth-century wainscoting, cornicework, stage floor and baseboards.
McCrady’s Tavern underwent a significant restoration in the 1980s to both modernize the building
without jeopardizing its esteemed historic character and to preserve the existing eighteenth century
elements. The building was listed to the National Register of Historic Places as an “increasingly rare
architectural and functional structure” and for its associations with significant political events in
Revolutionary-era Charleston.
The property is protected by a preservation easement, which protects the interior and exterior
structure. The solid brick/ masonry structure includes two full floors and half floor on the 3rd level,
all connected by stairways. The first floor consists of a large dining area, full bar, commercial
kitchen and rest rooms. The second floor consists of ‘The Long Room’ special event space,
commercial kitchen and rest rooms. The third floor consists of administrative offices. The
building was extensively renovated in 2006 and 2015, as well as in the 1980’s.
10Floor Plan
First Floor- 155 & 153 E. Bay – Picture Board
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11Floor Plan
Second Floor- Perspective and Description
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Second Floor:
If the first-floor presence left you uninspired, the second
floor will inject “goose-bumps” into its visitors. Whether
the exposed 1800’s industrial feel of awe- inspiring brick
and timbers leave you to the imagination, OR the
presence of General George Washington delivering his
speeches and greeting the locals in the Long Room, the
Second-Floor opportunity is abound.
12Floor Plan
Second Floor- 2 Unity Alley – Picture Board. The Long Room and
Commercial Kitchen.
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13Floor Plan
Second Floor- 153 & 155 E. Bay – Picture Board
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14Floor Plan
Third Floor- Perspective and Description
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Flat Roof
Flat Roof
Third Floor: Along East
Bay, the large windows
illuminate natural light
into the space, all the
while the flat-roofs give
ample opportunity for
roof-top-terraces.
15Exterior- Drone Shots
2 Unity
153 155
155 153
2 Unity
16Market Statistics
7.3 million 2018 visitors with an $8.1 Visitors spent an avergage of $228 per
billion economic impact visitor per day
14th fastest growing metropolitan area Unemployment rate of 2.9% (compared to
from 2010 - 2018 United States overall rate of 3.9%)* per 2019
28 people move to Charleston metro per 3 mile population of 55,491 with median
day age of 36
Site Metrics
Close proximity to parking garages and
85 Walk-Score (very walkable)
surface parking lots
Originally built in 18th century Multiple renovations in past 10 years
17Trade Area
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McCrady’s
Waterfront Park
18Trade Area
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City Hall
St. Philip’s
Church
U.S.
Customs
225 Room Lowe Port of
Waterfront Park Hotel Development Charleston
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Keller Williams Commercial • 496 Bramson Court Suite 200 Mount Pleasant, SC 29464 • Office: 843-416-2021 Fax: 800- 532-1658Trade Area - Hospitality
Board of Zoning Appeals Approved Hotels
Existing Hotels
Under Construction Hotels
McCrady’s Tavern
“Charleston has been ranked a top tourist destination
seven years in a row by Travel+Leisure.
According to the College of Charleston Office of Tourism
Analysis, in 2018 the Charleston area welcomed an
estimated 7.3 million visitors.
The report estimated visitors generated a total
economic impact of over $8.1 billion.
The increase in tourism has some residents concerned
about the future of the city. The peninsula, which has
become the Lowcountry’s tourist hub, has seen an
immense amount of change over the last two decades.
Records obtained by the Count on 2 Investigators show
there are 46 hotels on the peninsula. The data also
reveals there are about 25 new hotels in the city’s
pipeline. Some are listed as approved while others are
anticipated, but together they would bring up to 2,000
hotel rooms …”
Hotel Hotbed: More Rooms Coming To Downtown Charleston
Sofia Arazoza - https://www.counton2.com/news/the-investigators/hotel-
hotbed-more-rooms-coming-to-downtown-charleston/
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Keller Williams Commercial • 496 Bramson Court Suite 200 Mount Pleasant, SC 29464 • Office: 843-416-2021 Fax: 800- 532-1658Location Overview
Birds Eye - Charleston, SC
Arthur Ravenel
Bridge
Marion Square
McCrady’s
Charleston Port
Historic Charleston
21
Market Battery ParkAccolades
Charleston, SC
Located in the heart of the “The Best City in the
“The Best City in the U.S.”,
McCrady’s central location
U.S.”
Travel and Leisure
is in walking distance of
-July 2019
everything downtown.
7th consecutive year
With a Walk Score of 85,
residents and tourists alike
are minutes from shopping, “#1 Small City in the
restaurants, hotels, schools,
ports, museums, churches,
U.S.”
Conde Nast Traveler
grocers, attractions, parks
-October, 2019
and employers.
9th consecutive year
“#1 U.S. City for
Economic Opportunity”
Yelp
-February, 2018
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Keller Williams Commercial • 496 Bramson Court Suite 200 Mount Pleasant, SC 29464 • Office: 843-416-2021 Fax: 800- 532-1658Contact
…
Josh Schaap
Josh@CharlestonConnection.net
843.670.5727
C Kendrick
Kendrick@CharlestonConnection.net
843.475.1922
Jack Crenca
Jack@CharlestonConnection.net
Chad Billings
cbillings@kw.com
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Keller Williams Commercial • 496 Bramson Court Suite 200 Mount Pleasant, SC 29464 • Office: 843-416-2021 Fax: 800- 532-1658You can also read
