$4,750,000

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.