231 Lincoln St Sitka, AK 99835

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.