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Development site near Union Market up for grabs

Monday - 4/28/2014, 1:25pm  ET

The owners of a 3.3-acre property near Union Market are seeking buyers for their Morse Street NE site as as potential redevelopment play as the landscape in NoMa and at Gallaudet University continues to evolve.

NAI Michael recently began marketing 300 Morse St. NE to prospective buyers, and broker Kenneth Griffin said he has already received strong interest from developers such as MRP Realty and The JBG Cos., two firms that have already been active in the area. 

Built in 1986, the 98,000-square-foot property, now home to a warehouse, is located in the high-density portion of the Florida Market Small Area Plan and Griffin said it could benefit from its location by Florida Avenue and Fourth Street NE. The site also happens to be adjacent to 350 Morse St. NE, which Douglas Development Corp. bought last June for $14.5 million.

Griffin is marketing 300 Morse along with NAI Michael's Lance Schwarz. 

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