The site in 'The Forthquarter', which includes the listed Granton gasholder, is on the market for a residential-led mixed-use development.
Benjamin Gaunt, from National Grid Property, said the company is "keen to unlock" the areas potential for family housing.
"We have asked for consent to remove the gasholder which is now redundant to National Grid's operational requirements," he said.
"As part of its consideration of the application to remove the holder, the City of Edinburgh Council and Historic Environment Scotland have asked us to market the gasholder and surrounding site to ascertain whether there is any interest from a purchaser willing and able to develop the site and repair the gasholder. As current owners, we are obliged to ensure that any interested parties are credible buyers and are able to invest appropriately in the repair of the gasholder."
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If a suitable purchaser does not come forward, National Grid said it would bring forward its own plans for redevelopment.
Mr Gaunt added: "The marketing of this site offers an opportunity for a developer to come forward and play a critical role in the development of Edinburgh's waterfront. However, if following the marketing process no suitable purchaser has come forward, we will continue to play our role in regenerating the Forthquarter and will work with developers to enable the delivery of much-needed housing and apply for the demolition of the gasholder."
(LM/CD)
