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Eight-Story Mixed-Use Building

237 Lincoln Street, Sitka, AK 99835

For Sale
$4,190,000

Residential apartments and retail shops occupy a downtown Sitka building zoned CBD - Central Business District.

Property Size30,475 SF
Price / SF$137.49
Days on Market770

Property Features for 237 Lincoln Street

General Information

Standard status Active
Size 30,475 SF
Property subtype Commercial
Zoning CBD - Central Business District

Units

Unit Mix 24 x 1BR, 12 x efficiency
Multifamily Units 37

Additional Details

Mixed-Use Components residential, retail

Building Details

Building Size 30,475 SF
Year Built 1951
Buildings 1
Stories 3
Tenancy Multi
Listing Agency: Alaska Unlimited Realty
Listed By: Angela Nolan
Source: Kodiakislandrealestate
Added: Oct 5, 2024 Changed: Nov 12 Last Checked: Nov 13 at 12:31PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Alaska Unlimited Realty

Rey
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Investment Insights

Based on property information with market context.

At 237 Lincoln Street, this eight-story mixed-use property combines apartments with retail shops. The building contains 30,475 square feet and was built in 1951. Its 37 residential units include 24 one-bedroom apartments and 12 efficiency apartments.

Situated in downtown Sitka, the property is zoned CBD - Central Business District and has views of Sitka Sound and Mt. Edgecumbe.

Key Highlights

  • 37 residential units, including 24 one‑bedroom apartments and 12 efficiency apartments
  • 30,475 square feet across an eight‑story building
  • Retail shops and apartments in one property

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Cathedral Arms Apartment Building

Lease Details

37
Residential units
Multi-tenant
Tenancy

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
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - Residential apartments and retail shops occupy a downtown Sitka building zoned CBD - Central Business District.
Where is this mixed-use property located?
The property is located at 237 Lincoln Street 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: 37 residential units, including 24 one‑bedroom apartments and 12 efficiency apartments; 30,475 square feet across an eight‑story building; Retail shops and apartments in one property
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