Under Contract

MLS: #MDMC2181326, Listed By: Mark Frazier, Serhant, Source:Bright MLS

117 Elm Avenue

TAKOMA PARK, MD 20912
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Acres2.82

Acres(Lot)

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 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 use s. 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.

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Detail Ic Property Details

Property Type : Land

Price : $11,500,000

AD Id : 68115397

MLS Id : MDMC2181326

Lot Size : 2.82 Acres(Lot)

County : MONTGOMERY

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Feature Features

  • Lot Information

    Lot Size Acres: 2.82 Lot Size Source: Estimated Lot Size Square Feet: 122839.2

  • Listing Price Information

    Listing Price: $11500000

  • Tax Information

    Parcel Number: 161301074073 Tax Year: 2024 Annual Tax: $156027

  • Location Information

    Direction: Per GPS WaterSource: Public
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Nearby Home Value

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LOT P6 BLOCK 3 Sligo Cr.., Takoma Park, MD, 20912 $100,000 -- -- -- 0.09 Acre(Lot)
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6505 Kansas Lane, Takoma Park, MD, 20912 $425,000 -- -- -- 0.15 Acre(Lot)
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7406 Piney Branch Road, Takoma Park, MD, 20912 $1,250,000 -- -- -- 0.42 Acre(Lot)
7508 Blair Road, Takoma Park, MD, 20912 $2,999,999 -- -- -- 0.72 Acre(Lot)

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ByOwner last updated this listing 07/20/2026 @ 20:42

MLS: MDMC2181326 LISTED BY: Mark Frazier, Serhant 877-737-4268 SOURCE: Bright MLS

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