117 ELM AVENUE, TAKOMA PARK, MD 20912

$12,500,000

Set on a rare and expansive 2.82-acre parcel in the heart of Takoma Park and just over the DC line, this unique property presents a compelling opportunity for visionary developers, institutional uses, and investors. Most recently operated as a private school, 117 Elm Avenue sits within the R-60 residential zone… Read More of Montgomery County, offering a variety of redevelopment possibilities in one of the region's most walkable and desirable neighborhoods. Surrounded by mature trees, historic homes, and just minutes from the Takoma Metro Station, this site combines location, scale, and flexibility - an ideal canvas for transformation. Whether the vision is residential, a condo development, senior living, or an institutional campus, the property's zoning and size support a broad range of potential uses. Additionally, currently operating schools can take this turn-key property to new heights. The R-60 zone permits single-family detached homes by-right, and allows for a host of conditional uses that cater to residential, institutional, and community needs. Developers may explore uses such as townhomes or attached units (via special exception), senior housing, day care or medical facilities, or even private educational or religious institutions. Office use is conditionally allowable in the zoning. The property's flat topography, ample street frontage, and proximity to transit further enhance its redevelopment viability. As a school, it features dozens of classrooms, multiple bathrooms, a regulation-size gymnasium with stage, administrative offices, a kitchen, and more. Located just steps from downtown Takoma Park and the Washington, D.C. line, this site is walkable to shops, restaurants, parks, and public transportation. It's a rare chance to reimagine a substantial landholding in a neighborhood where demand for thoughtful, community-focused development continues to grow. Buyers are encouraged to consult with Montgomery County Planning to explore the full range of permitted and conditional uses under the R-60 zoning ordinance. With strong fundamentals and an unbeatable location, 117 Elm Avenue is poised to become one of the region's most impactful residential or mixed-use redevelopments. A preschool currently leases a small portion of the lowest level of the building. The rest of the building is vacant. Lease can convey or can be terminated. Read Less

Courtesy of MJ Frazier, Real Broker, LLC [email protected]

Listing Snapshot

Days Online

Last Updated

Jun 4, 2025

Property Type

Special Purpose

Square Ft.

37,620

Year Built

1979

MLS Number

MDMC2181186

30 Days Snapshot Of 20912

$833k

+5%

(avg) sold price

+20%

homes sold

-41%

(avg) days on market

Snapshot

Area Map

Additional Details

Building

37,620 net sqft, 37,620 total building sqft, Built in 1979, 1 unit in building, Brick

Cooling

Central Air, Electric, Central A/C

Accessibility Features

Level Entry - Main

Fees

Front Foot Fee Pymt Freq: Annually

Heating

Natural Gas

Sewer

Public Sewer

Taxes

City/Town Tax: $49,008, City/Town Tax Pymnt Freq: Annually, County Tax: $102,170, County Tax Pymnt Freq: Annually, Tax Annual Amount: $156,027, Tax Year: 2024

Utilities

Hot Water: Natural Gas

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