Takoma Park Redevelopment
For Sale
$11,500,000
117 ELM AVENUE, Takoma Park, MD 20912
2.82-acre property suitable for residential or mixed-use redevelopment.
Property Size37,620 SF
Lot Size2.82 Acres
Price / SF$305.69
Days on Market470
Property Features for 117 ELM AVENUE
General Information
Standard status
Active
Size
37,620 SF
Lot size
2.82 Acres
Property subtype
Special Purpose
Taxes and HOA fees
Annual Taxes
$156,027
Building Details
Building Size
37,620 SF
Year Built
1979
Listing Agency:
Serhant
(571) 263-4154
Listed By:
Mark J Frazier
(571) 263-4154
Source:
Kerishull
Added: May 19, 2025
Changed: Aug 28
Last Checked: Aug 30 at 11:04PM
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 Takoma Park, just over the DC line, this 2.82-acre property presents an opportunity for developers, institutional users, and investors. The site, previously a private school, is zoned R-60, offering redevelopment possibilities in a walkable neighborhood. The property is surrounded by mature trees and historic homes, and is located minutes from the Takoma Metro Station. The 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 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 flat topography and street frontage, enhancing its redevelopment viability. As a school, it includes classrooms, bathrooms, a regulation-size gymnasium with stage, administrative offices, and a kitchen. Located near 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 portion of the lowest level, with the remainder of the building vacant. The lease can convey or be terminated. Buyers are encouraged to consult with Montgomery County Planning to explore permitted and conditional uses under the R-60 zoning ordinance.
Key Highlights
- Rare and expansive 2.82‑acre parcel in highly desirable Takoma Park location.
- R‑60 zoning allows for a variety of redevelopment possibilities.
- Proximity to Takoma Metro Station, downtown Takoma Park, shops, restaurants, parks, and public transportation.
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 suitable for residential or mixed-use redevelopment.
Where is this school located?
The property is located at 117 ELM AVENUE Takoma Park, MD.
What is the asking price?
The asking price for this property is $11,500,000.
What are key features of this property?
This property features: Rare and expansive 2.82‑acre parcel in highly desirable Takoma Park location.; R‑60 zoning allows for a variety of redevelopment possibilities.; Proximity to Takoma Metro Station, downtown Takoma Park, shops, restaurants, parks, and public transportation.
