117 ELM AVE, Takoma Park, MD 20912
117 ELM AVE, Takoma Park, MD 20912
117 ELM AVE, Takoma Park, MD 20912
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Listed by MJ Frazier • Serhant
$9,995,000
Est. payment /mo
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Price Dropped by $1.5M

117 ELM AVE Takoma Park, MD 20912

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Hope Greenlee

Hope Greenlee

+1(443) 743-0551

UPDATED:

Key Details

Property Type Commercial

Sub Type Special Purpose

Listing Status Active

Purchase Type For Sale

MLS Listing ID MDMC2181186

Year Built 1979

Annual Tax Amount $156,027

Tax Year 2024

Property Sub-Type Special Purpose

Source BRIGHT

Property Description

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, 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 presents opportunities for conversion to a corporate office, distribution center, or a variety of other commercial applications. 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.

Location

State MD

County Montgomery

Zoning R60

Interior

Hot Water Natural Gas

Heating Other

Cooling Central A/C

Heat Source Natural Gas

Exterior

Garage Spaces 80.0

Water Access N

Accessibility Level Entry - Main

Total Parking Spaces 80

Garage N

Building

Sewer Public Sewer

Water Public

New Construction N

Schools

School District Montgomery County Public Schools

Others

Tax ID 161301074073

Ownership Other

Special Listing Condition Standard

Bright MLS (BMLS)

Nearby Locations

Hope Greenlee
Bobbi Evans
R.J. Breeden
Hope Greenlee
Hope Greenlee
Agent License ID: 658745

Phone +1(443) 743-0551

Address 1425 Clarkview Rd, Baltimore, MD 21209, USA

Website https://hopegreenleerealtor.com/

Hope  Greenlee is a seasoned Realtor with 17 years of experience in the real estate industry. She hails from Baltimore County, is a proud graduate of Parkville High School, and pursued a business degree in Pittsburgh, Pennsylvania. With a background as a Multi-Site Property Manager spanning over two decades across Maryland, Hope has honed her skills and expertise in various facets of real estate. She is a devoted mother to five children and a passionate, market-savvy professional who prioritises her clients' satisfaction and best interests above all else. Hope's approach is characterised by professionalism, patience, and unwavering loyalty, ensuring a seamless and satisfying real estate experience. She is now part of The Breeden Group of Berkshire Hathaway Homesale Realty.

Hope Greenlee

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Phone

+1(443) 743-0551

Address

1425 Clarkview Rd, Baltimore, MD 21209, USA

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