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. 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).