Charleston Commercial renovates 8 1/2 State St., makes historic property available for rent
December 4, 2019
Local real estate investment firm Charleston Commercial has completely renovated a small, historic property at 8 1/2 State St. The French Quarter property is now available for rent.
This two-story, vernacular brick structure was constructed as a kitchen house and slave quarters around 1791. The building changed hands over the years and was part of the property owned by First National Bank.
The property remained in commercial banking control until its subdivision from the larger property in 2016. At that time Charleston Commercial managing director Joshua Schaap purchased the property and spent 18 months renovating the space.
The property was stripped down to the brick and completely renovated. The one-bedroom property has heated bathroom floors, custom blinds and all new appliances. The second floor has a half-bath and French doors that open onto a balcony. Beamed ceilings in the master bedroom and a vaulted, open living space add to the character of this home.
“It’s one of the more interesting and most talked about post-revolutionary outbuildings ever constructed in the city ,” Schaap said.
“We worked hard to retain the historic feel of the space and it will be a great guest house for someone in the French Quarter or South of Broad neighborhood, or possibly a Kiawah Island resident who would appreciate a second home in the heart of Charleston,” said Charleston Commercial’s C. Kendrick.
With renovations now complete, the two-story space is available for rent through Robertson Howland Properties for $3,500 per month. The apartment includes two off-street parking spaces. The company is also considering offers to purchase.
Charleston Commercial is a key player in the downtown real estate market. Over the last 18 months, Charleston Commercial has overseen the sale of 10 King Street properties, totaling $78.1 million. Most recently, they brought together eight properties and six property owners to create a landmark real estate deal bordered by King, Society and George streets. The firm also recently facilitated the sale of 231 King St. for $4.175 million.
The team also worked on 529 King St. (formerly Dixie Furniture) as well as 332 King St (formerly Bob Ellis). The company’s experience with complex zoning issues, utilities and historic properties makes it uniquely positioned to facilitate commercial real estate sales, acquisitions and developments in Charleston’s historic district.
