322 Ethan Allen Ave, Takoma Park, MD 20912
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
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Property description
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