117 Elm Ave Takoma Park, MD 20912
2.82-acre property ideal for redevelopment in a desirable location.
Property Features for 117 Elm Ave
General Information
- Standard status
- Active
Source:
Corcoran
Listing Agent: Mark J Frazier
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Expansive Land Parcel in Takoma Park
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
Insight Report
Location Intelligence
Current Use by Public Records
Schools
Location Insight
- Map
- Local Demand
- City
- Takoma Park
- County
- Montgomery
- State
- Maryland
- Longitude
- -77.0068329
- Latitude
- 38.9732769
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.