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118 Lincoln Street, Sitka, AK

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118 Lincoln Street

Sitka, AK 99835-7565

Property Type:Hospitality Number of Rooms:51 Status:Existing Year Built:1938
Stories:4 Building Size:26,769 SF Land Area:-
For Sale Price:$3,795,000 Price/Room:$74,412 Cap Rate:15.44 %


Sale Notes:
Get in on the Alaskan tourism gold rush with this 51 room property, restaurant and bar located in Sitka, Alaska - one of the most majestic and popular destinations in Southeast Alaska. This hotel had a major remodel in 2016 with: new roof, new siding, new sheetrock, new paint, upgraded electrical, foundation repair, completely renovated restaurant, and a brand new penthouse suite. More upgrades and remodels than can be listed here... The Sitka Hotel is one of the finest establishments in Southeast Alaska. Good parking, unbeatable location. You could not touch a similar property or build for anything near this price.

118 Lincoln street is located in the heart of downtown Sitka next to Castle Hill Historic Park - the spot where Alaska was officially turned over to the United States from Russia. Adjacent from Saint Michael's Cathedral. Straddling both Harbor Drive and Lincoln street, the Sitka Hotel is in a prime location for tourist traffic, ample parking, and breathtaking harbor, mountain, and ocean views.

Baranof Realty LLC
Travis Vaughan
(907) 747-5636

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