117 ELM Ave Takoma Park, MD 20912

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.