Building Details

Buildings 1

Stories 8

Listing Agency: Alaska Unlimited Realty Show Phone

Listed By: Angie Nolan · License #AK 18175

Source: Crexi

Added: May 17, 2024 Changed: Aug 8 Last Checked: Aug 6 at 2:08PM

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Investment Insights

Based on property information with market context.

The Cathedral Arms is an eight-story mixed-use property located in downtown Sitka. It features apartments and retail shops with views of Sitka Sound and Mt. Edgecumbe. The property includes 37 residential units: 24 one-bedroom apartments, 12 efficiency apartments, and one penthouse. The one-bedroom apartments have a living room, kitchen, bathroom, and closet space. The efficiency apartments include a living room, small kitchen, bathroom, and closet space. The eighth-floor penthouse features two bedrooms, one bathroom, a kitchen, a dining room, a living room, and a private laundry room with a washer and dryer. The first floor has four retail spaces with street-level visibility. Common areas on the first floor include mechanical rooms, a lobby, and a vestibule. Residents on floors two through six have access to a shared laundry room with coin-operated washers and dryers. Storage rooms are available for rent. The property has a lot area of 6,303 square feet and a building area of 30,475 square feet. It is zoned within the Central Business District (CBD), providing access to amenities, shopping, dining, and natural attractions.

Key Highlights

• Iconic downtown Sitka location with SPECTACULAR views of Sitka Sound and Mt. Edgecumbe.
• Diverse mix of residential units (24 one‑bedroom, 12 efficiency, 1 penthouse) and four retail spaces.
• Prime street‑level visibility for retail spaces in a central, bustling location.

Property Analytics

Property Profile

Current Use

The Raven's Hook (Bike/Boat/Book/etc) Store

Location Intelligence

Demographics for 99835, AK

8,446

Population

4,080

Households

2.1

Avg Household Size

40

Median Age

34%

College-Educated

96%

High-School Grad

2,570.1 sq mi

ZIP Area

3

Density / Sq Mi

$101,207

Median Household Income

$47,541

Median Earnings

$1,350

Median Rent

$442,100

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Eight-story building with apartments and retail in downtown Sitka.

Where is this mixed-use property located?

The property is located at 231 Lincoln St Sitka, AK.

What is the asking price?

The asking price for this property is $4,190,000.

What are key features of this property?

This property features: Iconic downtown Sitka location with SPECTACULAR views of Sitka Sound and Mt. Edgecumbe.; Diverse mix of residential units (24 one‑bedroom, 12 efficiency, 1 penthouse) and four retail spaces.; Prime street‑level visibility for retail spaces in a central, bustling location.