Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    237 Lincoln St Sitka, AK 99835

    Sponsored
    For Sale
    $4,750,000

    Prime Sitka location, apartments & retail. Stunning views.

    Property size:
    30,475 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    342
    This exceptional eight-story building, known as The Cathedral Arms, is situated in the heart of downtown Sitka, Alaska. Boasting a total of 30,475 square feet on a 0.14-acre lot, this iconic property presents a unique investment opportunity. The building comprises a mix of residential and commercial spaces, offering a diverse revenue stream. The residential component includes 37 units, specifically 24 one-bedroom apartments and 12 efficiency units, catering to a range of tenant needs. The retail spaces, integrated within the building, provide additional income potential. The Cathedral Arms commands breathtaking views of Sitka Sound and the impressive Mount Edgecumbe, a highly desirable feature that enhances the property's appeal and rental value. Its prime downtown location offers easy access to local amenities, businesses, and attractions, making it an attractive proposition for both residents and commercial enterprises. The asking price for this remarkable property is $4,750,000. This presents a rare chance to acquire a significant piece of Sitka's vibrant downtown landscape. The building's established presence and desirable features make it a strong contender for long-term investment and growth.

    Property Features for 237 Lincoln St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    30,475 SF
    Lot Size
    6,098 SF

    Building Details

    Year Built
    1951
    Property Profile Location Intelligence

    Current Use by Public Records

    Cathedral Arms Apartment Building

    Map

    City
    Sitka
    County
    Sitka City And Borough
    State
    Alaska
    Longitude
    -135.3356
    Latitude
    57.05029

    Nearby Comparable

    • $4,750,000
      30,475 SF

      Iconic Sitka Mixed-Use Building

      Downtown Sitka, 8-story, prime location.
      231 Lincoln St, Sitka, AK 99835
      View Details
    • $3,500,000
      4.00 Acres

      Quest Island: Alaskan Retreat

      Private Island Getaway: Luxury & Adventure
      Morne Is, Sitka, AK 99835
      View Details
    • $120,000

      Petersburg Fishing Plant Business

      Turnkey Fish Processing Plant - Priced to Sell!
      Petersburg, Petersburg, AK 99833
      View Details
    • $565,000
      3,240 SF

      Petersburg Commercial Space: Prime Location

      Office, Warehouse, & Mezzanine Storage.
      103 A Dock St, Petersburg, AK 99833
      View Details
    • $11,000,000
      0.77 Acres

      Prime Waterfront Commercial Land

      Rare 0.77-acre commercial waterfront property in Juneau's historic district.
      356 S Franklin St, Juneau, AK 99801
      View Details
    • $3,975,000

      Juneau Boutique Hotel for Sale

      Historic 16-room hotel, prime downtown location
      120 2Nd St, Juneau, AK 99801
      View Details
    • $184,400

      Downtown Juneau Residential Lot

      Prime Juneau location, multifamily zoning.
      275 Irwin St, Juneau, AK 99801
      View Details
    • $197,000
      1.00 Acre

      Craftsman-Built Boat Shop on Acre

      2,000 SF boat shop on an acre of land.
      Columbine Ln, Gustavus, AK 99826
      View Details

    Nearby Similar for Sale

    • $3,500,000
      4.00 Acres

      Quest Island: Alaskan Retreat

      Private Island Getaway: Luxury & Adventure
      Morne Is, Sitka, AK 99835
      View Details
    • $4,750,000
      30,475 SF

      Iconic Sitka Mixed-Use Building

      Downtown Sitka, 8-story, prime location.
      231 Lincoln St, Sitka, AK 99835
      View Details

    FAQs

    What type of property is this?
    Commercial real estate - Prime Sitka location, apartments & retail. Stunning views.
    Where is this commercial real estate located?
    The property is located at 237 Lincoln St Sitka, AK.
    What is the asking price?
    The asking price for this property is $4,750,000.
    (907) 321-9162
    Request Owner's contact information
    237 Lincoln St Sitka, AK 99835
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    237 Lincoln St
    Sitka, AK 99835
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    237 Lincoln St Sitka, AK 99835
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.