237 Lincoln StSitka, AK 99835

This exceptional eight-story building, known as The Cathedral Arms, is situated in the heart of downtown Sitka, Alaska. Boasting a total of 30,475 square feet on a 0.14-acre lot, this iconic property presents a unique investment opportunity. The building comprises a mix of residential and commercial spaces, offering a diverse revenue stream. The residential component includes 37 units, specifically 24 one-bedroom apartments and 12 efficiency units, catering to a range of tenant needs. The retail spaces, integrated within the building, provide additional income potential. The Cathedral Arms commands breathtaking views of Sitka Sound and the impressive Mount Edgecumbe, a highly desirable feature that enhances the property's appeal and rental value. Its prime downtown location offers easy access to local amenities, businesses, and attractions, making it an attractive proposition for both residents and commercial enterprises. The asking price for this remarkable property is $4,750,000. This presents a rare chance to acquire a significant piece of Sitka's vibrant downtown landscape. The building's established presence and desirable features make it a strong contender for long-term investment and growth.