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24151116
24151117

1895 Hancock St, San Diego, CA 92110

MP
CA 01705763
CBRE - San Diego
Listed by CBRE - San Diego
Unpriced
350 days on market
Updated 55 days ago

1895 Hancock St

Details
Property Type Industrial, Multifamily
Sub Type Warehouse
Square Footage 53,000
Buildings 1
Acreage 1.260
Investment Type Owner/User

Industrial Owner-User OR 1.26 Acre Residential Development | San Diego

Marketing description

PRIME CENTRAL SAN DIEGO LOCATION

Directly surrounded by top neighborhoods including Mission Hills, Little Italy, historical Old Town, Point Loma and nearby beaches, offering residents access to numerous attractions and amenities.

EXCEPTIONAL TRANSPORTATION ACCESS

Quick access to the I-5 freeway and the Washington St Trolley Station, which is directly adjacent to the property.

STRONG RESIDENTIAL HOUSING MARKET

This ±1.26-acre property is strategically located within the Midway-Pacific Highway Community Plan. Zoning allows for mixed commercial/residential uses with a base residential density of 109 units per acre, or 1 unit per 400 SF of lot area.
Located within the optional Complete Communities Housing Solutions zoning which allows for a 2.5 FAR and no unit count restriction.The site also accommodates for-sale residential development and other commercial uses.

PROXIMITY TO MAJOR EMPLOYMENT HUBS

The Midway/Pacific Highway District in San Diego is targeted for major redevelopment, including the Midway Rising project (multi-billion-dollar project and aims to transform the 48.5-acre Sports Arena site with 4,250 homes, a 16,000-seat arena, and 130,000 SF of retail, with an estimated $7 billion in economic impact) and the NAVWAR site revitalization (70.3-acre mixed-use redevelopment, still in early planning, calls for 2 million square feet of development for the Navy and over 18 million square feed of private development).

Investment highlights

CBRE is pleased to present 1895 Hancock St, a premier ±1.26-acre multifamily development opportunity located in Central San Diego which can also be sold to an industrial owner-user given the low basis. This site offers exceptional potential for high-density residential development in a highly accessible urban community surrounded by numerous attractions and unparalleled transportation access.

Listing Contacts

MP
CA 01705763
CBRE - San Diego
Listed by CBRE - San Diego

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