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    231 Lincoln St Sitka, AK 99835

    Sponsored
    For Sale
    $4,750,000

    Downtown Sitka, 8-story, prime location.

    Property size:
    30,475 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional eight-story mixed-use building, located at 231 Lincoln St in Sitka, Alaska, presents a unique investment opportunity. The Cathedral Arms boasts 30,475 square feet on a 6,303 square foot lot, zoned CBD. The property comprises 37 residential units: 24 one-bedroom apartments, 12 efficiency apartments, and a luxurious penthouse with two bedrooms, one bathroom, and a private laundry room. Four street-level retail spaces offer high visibility for businesses. Building amenities include a lobby, vestibule, and shared laundry facilities (floors 2-6). Additional storage units are available for rent. Each one-bedroom apartment features a living room, kitchen, bathroom, and ample closet space; efficiency units offer a cozy living room, small kitchen, bathroom, and sufficient closet space. The building offers spectacular views of Sitka Sound and Mt. Edgecumbe. The asking price is $4,750,000, with a price per square foot of $155.87. This iconic property combines historic charm with modern convenience in a prime downtown Sitka location. The property's central location provides easy access to local amenities, shopping, and dining.

    Property Features for 231 Lincoln St

    General Information

    Property type
    Mixed-use properties
    Square Feet
    30,475 SF

    Building Details

    Buildings
    1
    Stories
    8

    HighLights

    • $4,750,000 Asking Price for a Mixed‑Use Property
    • 30,475 Square Feet, 8‑Story Building on a 6,303 sq ft lot
    • Located in Sitka, AK's Central Business District (CBD) at 231 Lincoln St, 99835
    • Features 37 residential units (24 one‑bedroom, 12 efficiency, 1 penthouse) and 4 retail spaces.
    • $155.87 Price per Square Foot.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Raven's Hook Craft Store

    Map

    City
    Sitka
    County
    Sitka City and Borough
    State
    Alaska
    Longitude
    -135.3381636
    Latitude
    57.0509959

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    FAQs

    What type of property is this?
    Mixed-use property - Downtown Sitka, 8-story, prime location.
    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 $4,750,000.
    What are key features of this property?
    This property features: $4,750,000 Asking Price for a Mixed-Use Property; 30,475 Square Feet, 8-Story Building on a 6,303 sq ft lot; Located in Sitka, AK's Central Business District (CBD) at 231 Lincoln St, 99835
    Request Owner's contact information
    231 Lincoln St Sitka, AK 99835
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    Sitka, AK 99835
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    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
    231 Lincoln St Sitka, AK 99835
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