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The Cathedral Arms Apartments and Retail Shop 231 Lincoln St

37 Unit Apartment Building $6,754,500 CAD ($182,554 CAD/Unit) Sitka, AK 99835

Investment Highlights

  • Covering a total lot area of 6,303 square feet
  • Mixed use property with Retail and Residential
  • Located in downtown Sitka
  • Wonderful views

Executive Summary

The Cathedral Arms, an iconic property located in downtown Sitka, features apartments and retail
shops. This distinguished eight-story building offers spectacular views of Sitka Sound and the majestic Mt. Edgecumbe, making it a prime location for both residential and commercial tenants.
The Cathedral Arms features a total of 37 residential units, including 24 one-bedroom apartments, 12 efficiency apartments, and one exclusive penthouse. Each one-bedroom apartment is thoughtfully designed with a living room, kitchen, bathroom, and ample closet space. The efficiency apartments provide a cozy living room, a small kitchen, a bathroom, and sufficient closet space, ensuring comfort and functionality. The pinnacle of the building is the eighth-floor penthouse, which boasts two bedrooms, one bathroom, a kitchen, a dining room, and a spacious living room, along with a private laundry room equipped with a washer and dryer.
On the first floor, the property includes four retail spaces that offer prime street-level visibility, perfect for businesses seeking a central and bustling location. The common areas on this floor include mechanical rooms, a welcoming lobby, and a convenient vestibule. Residents from the second to the sixth floors benefit from a shared laundry room with coin-operated washers and dryers, while additional storage rooms are available for rent, providing extra space as needed.
Cathedral Arms offers ample space for comfortable living and for thriving businesses. Covering a total lot area of 6,303 square feet, with a total building area of 30,475 square feet. The property is zoned within the Central Business District (CBD), ensuring easy access to local amenities, shopping, dining, and the natural beauty of Alaska.
Cathedral Arms offers a unique blend of historic charm, modern convenience, and stunning natural views.
Please contact Angie Nolan at Alaska Unlimited Realty 907-321-9162 for more information.

Property Facts

Price $6,754,500 CAD
Price Per Unit $182,554 CAD
Sale Type Investment
No. Units 37
Property Type Multifamily
Property Subtype
Apartment
  • General Retail Storefront Retail/Residential
  • Office Office Residential
Apartment Style Mid Rise
Building Class C
Lot Size 0.14 AC
Building Size 30,475 SF
No. Stories 8
Year Built 1950

Site Amenities

  • Laundry Facilities
  • On-Site Retail
  • Maintenance on site
Walk Score ®
Very Walkable (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
1-0521-000-000-0000
Land Assessment
$700,193 CAD
Improvements Assessment
$1,947,856 CAD
Total Assessment
$2,648,048 CAD

zoning

Zoning Code CBD (Central Business District)
CBD (Central Business District)
  • Listing ID: 31838042

  • Date on Market: 2024-05-17

  • Last Updated:

  • Address: 231 Lincoln St, Sitka, AK 99835

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