Expansive Land Parcel in Takoma
117 Elm Ave, Takoma Park, MD 20912
2.82-acre property ideal for redevelopment in a desirable location.
- Added:
- May 20, 2025
- Days on Market:
- 379
- Last Refresh:
- Mar 16 at 9:08 am
Property Features for 117 Elm Ave
General Information
- Standard status
- Active
Listing agent MARK J FRAZIER
Listing office SERHANT (877) 737-4268
Listing date May 20, 2025
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SERHANT
HighLights
- Rare, expansive 2.82‑acre parcel in highly desirable Takoma Park location, just over the DC line.
- R‑60 zoning allows for diverse redevelopment options: single‑family homes, townhomes, senior housing, day care, medical facilities, schools, and religious institutions.
- Proximity to Takoma Metro Station, downtown Takoma Park, shops, restaurants, parks, and public transportation.
- Currently equipped as a school with classrooms, gymnasium, stage, administrative offices, and kitchen, offering a turn‑key opportunity for educational institutions.
- Flat topography and ample street frontage enhance redevelopment viability.
- Existing lease from a preschool provides immediate income potential, with option to convey or terminate.
Overview
This unique 2.82-acre property is located in Takoma Park, Maryland, near the DC line. Zoned R-60, the site offers redevelopment possibilities for visionary developers, institutional uses, and investors. The property was most recently operated as a private school. The location is walkable and desirable, surrounded by mature trees and historic homes, and is minutes from the Takoma Metro Station. The property's zoning and size support a broad range of potential uses, including residential, condo development, senior living, or an institutional campus. Currently operating schools can also utilize the property. The R-60 zone permits single-family detached homes by-right and allows for conditional uses that cater to residential, institutional, and community needs. Other potential uses include townhomes or attached units (via special exception), senior housing, day care or medical facilities, or private educational or religious institutions. Office use is conditionally allowable. The property features flat topography and ample street frontage. As a school, it includes classrooms, bathrooms, a regulation-size gymnasium with stage, administrative offices, and a kitchen. The site is walkable to shops, restaurants, parks, and public transportation. A preschool currently leases a small portion of the lowest level of the building. The rest of the building is vacant. The lease can convey or be terminated.
Property Profile
Location Intelligence
Current Use by Public Records
Schools
Location Insight
- Map
- Local Demand
- City
- Takoma Park
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.0068
- Latitude
- 38.9733
Nearby Similar for Sale
FAQs
What type of property is this?
School - 2.82-acre property ideal for redevelopment in a desirable location.
Where is this school located?
The property is located at 117 Elm Ave Takoma Park, MD.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Rare, expansive **2.82‑acre parcel in highly desirable Takoma Park location**, just over the DC line.; R‑60 zoning allows for diverse redevelopment options: single‑family homes, townhomes, senior housing, day care, medical facilities, schools, and religious institutions.; Proximity to Takoma Metro Station, downtown Takoma Park, shops, restaurants, parks, and public transportation.
