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    Takoma Park Redevelopment Opportunity
    Updated: May 20, 2025
    Takoma Park Redevelopment Opportunity

    117 Elm Ave, Takoma Park, MD 20912

    $12,500,000
    Rare, expansive 2.82‑acre parcel in highly desirable Takoma Park location.
    R‑60 zoning allows for diverse redevelopment possibilities: single‑family homes, townhomes, senior housing, or institutional uses.
    Proximity to Takoma Metro Station, downtown Takoma Park, shops, restaurants, and parks.
    Currently configured as a school with classrooms, gymnasium, administrative offices, and kitchen.
    Flat topography and ample street frontage enhance redevelopment viability.
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    Turn a Listing Into an Investment Snapshot Cap Rate, Potential NOI, Demand score for every listing. Go To Analytics Center
    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Takoma Park, MD, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 1 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    Three-Story School Building
    Three-Story School Building

    3224 16th Street Northwest, Washington, DC 20010

    Contact for pricing
    11,336 sqft

    Classroom and administrative improvements are arranged across a multi-level educational facility with dedicated surface parking.

    View details
    Church and Development Land Package
    Church and Development Land Package

    22ND STREET NE, Washington, DC 20018

    $2,100,000
    20,000 sqft

    Restored, 250+ seat church plus three buildable vacant lots included in a single for-sale offering.

    View details
    Established Driving School Opportunity
    Established Driving School Opportunity

    3847 BRANCH Ave 101, Temple Hills, MD 20748

    $125,000

    Profitable driving school with a dedicated driving course.

    View details
    SAFEWAY Driving School With Course
    SAFEWAY Driving School With Course

    101-3847 Branch Ave, Temple Hills, MD 20748

    $125,000

    Hands-on instruction and on-road training are supported by a dedicated driving course.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Buildable Lots and Restored Church
    Buildable Lots and Restored Church

    22ND Street NE, Washington, DC 20018

    $2,100,000
    20,000 sqft 0.46 AC lot

    Three buildable lots plus a restored church for sale.

    View details

    Takoma Park, MD Schools Market Trends and Statistics

    Explore 1 schools for sale in Takoma Park, MD on our real estate platform.

    Sale prices for school buildings & campuses in Takoma Park, MD average $12,500,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Churches & religious facilities 2
    Schools 2
    Day care centers 1
    NNN properties 1

    Demographics Overview

    Population 63K
    Population Growth (5Y) +0.1%
    Median Household Income $108,888
    College Educated 56.5%

    High-Yield Neighborhoods for Investment

    Identify Takoma Park submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    20912 $8.8M

    Taxes & Financing

    Tax Rate (average for all types) 1.35%
    Property Tax per SF $4.25 per SF
    Tax Rate vs County Average 0.23 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Montgomery County

    New Delisted

    Total CRE Inventory on Market (SF)

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