Takoma Park Redevelopment
For Sale
$12,500,000
117 Elm Ave, Takoma Park, MD 20912
2.82-acre property in Takoma Park near DC line.
Property SizeContact for details
Days on Market469
Property Features for 117 Elm Ave
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$156,027
Building Details
Year Built
1979
Listing Agency:
SERHANT
(877) 737-4268
Listed By:
MARK J FRAZIER
Source:
Corcoran
Added: May 20, 2025
Changed: Mar 16
Last Checked: Aug 25 at 4:39AM
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
Investment Insights
Based on property information with market context.
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.
Key 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 20912, MD
25,463
Population
10,140
Households
2.5
Avg Household Size
38
Median Age
51%
College-Educated
86%
High-School Grad
2.7 sq mi
ZIP Area
9,431
Density / Sq Mi
$82,097
Median Household Income
$48,447
Median Earnings
$1,452
Median Rent
$671,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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.
