Property profile

322 Ethan Allen Ave Takoma Park, MD 20912

OFF-MARKET
Specialty properties
7,882 SF 1.04 ac lot Built 1923
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Property summary

AI-generated overview

This exceptional Takoma Park, MD property offers a unique investment opportunity. The 1.04-acre lot encompasses a 6,076 square foot church and a 1,806 square foot parsonage, totaling 7,882 square feet of space. The church boasts a 200-seat sanctuary, a large reception hall, a fully equipped kitchen, ample storage, an office, and a bathroom. Recent upgrades include a new roof, new windows, and central air conditioning throughout. Accessibility features include an elevator and a ramp. The property also includes a substantial parking lot with approximately 70 spaces. The adjacent parsonage provides four bedrooms and two bathrooms. Both buildings are not subject to historic preservation regulations. Located in Montgomery County, the property is zoned R-60, allowing for the potential development of seven single-family homes. The property's convenient location offers easy access to Washington, D.C., via Metrorail and MARC commuter trains. This versatile property presents significant potential for various uses, making it an attractive investment for developers and other investors. The asking price is $2,995,000. Built in 1923, this fee-simple property consists of two buildings and features two units.

Property profile

Verified
Property type Specialty properties
Year built 1923
Total area 7,882 SF
Lot 1.04 ac (45,302 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

322 Ethan Allen Ave Takoma Park, MD 20912
Takoma Park metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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