Takoma Park Redevelopment
117 Elm Ave, Takoma Park, MD 20912
2.82-acre property in Takoma Park near DC line.
- Added:
- May 20, 2025
- Days on Market:
- 379
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 117 Elm Ave
General Information
- Standard status
- Active
Building Details
- Year Built
- 1979
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.
- R‑60 zoning allows for diverse redevelopment possibilities: single‑family homes, townhomes, senior housing, or institutional uses.
- Proximity to Takoma Metro Station, downtown Takoma Park, shops, restaurants, and parks.
- Currently configured as a school with classrooms, gymnasium, administrative offices, and kitchen.
- Flat topography and ample street frontage enhance redevelopment viability.
- Existing lease from preschool provides immediate income, with option to terminate.
Overview
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.
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 in Takoma Park near DC line.
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.; R‑60 zoning allows for diverse redevelopment possibilities: single‑family homes, townhomes, senior housing, or institutional uses.; Proximity to Takoma Metro Station, downtown Takoma Park, shops, restaurants, and parks.
