117 Elm Ave Takoma Park, MD 20912

Located in the heart of Takoma Park, just over the DC line, this 2.82-acre property offers opportunities for developers, institutional uses, and investors. Previously operated as a private school, the property is situated within the R-60 residential zone of Montgomery County, presenting redevelopment possibilities in a walkable neighborhood. The site is surrounded by mature trees and historic homes, and is located minutes from the Takoma Metro Station. The property's zoning and size support a 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 and allows for conditional uses that cater to residential, institutional, and community needs. Developers may explore uses such as townhomes or attached units, senior housing, day care or medical facilities, or private educational or religious institutions. Office use is conditionally allowable. The property features dozens of classrooms, multiple bathrooms, a regulation-size gymnasium with a stage, administrative offices, and a kitchen. Located steps from downtown Takoma Park and the Washington, D.C. line, 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. The property's flat topography and ample street frontage enhance its redevelopment viability.