Info from Cassidy and Pinkard
For sale is the Washington Flower Center, a 52,740 square foot industrial/flex building constructed in 1987 and currently occupied by a group of wholesale florists. The building sits on a 1.9 acre development site and is located in Washington, DC’s most exciting submarket, NoMa (North of Massachusetts). The site is currently zoned M with a 6.0 FAR, which allows matter-of-right use as office, industrial or hotel. Through the Planned Unit Development (PUD) process, an owner is likely to achieve C-3-C zoning, providing for an FAR of 6.5, or as much as 538,616 square feet of development.
With three hotels, a grocery store and approximately two million square feet of office development delivering by 2010, NoMa is quickly becoming the area’s preferred mixed-use neighborhood. Union Station, only one Metro stop from the site, abounds with retail and dining options, and extensive retail is planned along 1st Street, NE, the primary commercial corridor of the submarket. The area’s growing commercial base also will support residential development, and Trammell Crow Residential is currently in the planning stages for a 650-unit rental project adjacent to the Washington Flower Center site. NoMa’s future is a “24-hour” mixed-use environment, and Washington Flower Center is well-positioned to capitalize on this dynamic transformation.
52,740 square foot industrial/flex building located on 1.9 acres (82,864 square feet)
Located in Washington, DC’s dynamic NoMa submarket, the property is only a five minute walk from the New York Avenue Metro Station, part of Metrorail’s Red Line, the most heavily traveled in the Washington, DC region. The site enjoys convenient access to major arteries including 1st Street, NE, New York Avenue (Route 50), Florida Avenue, North Capitol Street and I-395. The site is also proximate to the Metropolitan Branch Trail which, along with the New York Avenue Metro station, will encourage pedestrian and commuter access to and from the site.
NoMa submarket of Northeast Washington, DC