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$12,500,000
New Listing

117 ELM AVENUE
TAKOMA PARK, MD 20912

For Sale|Commercial Sale|Active
0
Beds
0
Full Baths
0
Partial Baths
37,620
SqFt
$332
/SqFt
1979
Built
County:
MONTGOMERY
Listing courtesy of Real Broker, LLC

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117 ELM AVENUE117 ELM AVENUE117 ELM AVENUE117 ELM AVENUE
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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 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.

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Listing Snapshot
Price 
$12,500,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
37,620 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1979
MLS® Number 
MDMC2181186
Status 
Active
Property Tax 
$156,027
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
19 hours agoListing first seen on site
19 hours agoListing updated with changes from the MLS®
General Features
Parking 
Parking Lot
Parking Spaces 
75
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
37620
Water Source 
Public
Zoning 
R60
Interior Features
Appliances 
Gas Water Heater
Cooling 
Central AirElectric
Heating 
Natural GasOther
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Exterior Features
Construction Details 
Brick
Community Features
School District 
MONTGOMERY COUNTY PUBLIC SCHOOLS
Schools
School District
MONTGOMERY COUNTY PUBLIC SCHOOLS
Elementary School
Unknown
Middle School
Unknown
High School
Unknown
Listing courtesy of Real Broker, LLC



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Neighborhood & Commute
Source: Walkscore
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