117 Elm Ave, Takoma Park, MD 20912
Local realty services provided by:CENTURY 21 The Real Estate Store
117 Elm Ave,Takoma Park, MD 20912
$11,500,000
- 2.82 Acres
- Lots / Land
- Active
Listed by: mark j frazier
Office: serhant
MLS#:MDMC2181326
Source:BRIGHTMLS
Price summary
- Price:$11,500,000
About this home
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....
Contact an agent
Home facts
- Listing ID #:MDMC2181326
- Added:346 day(s) ago
- Updated:April 30, 2026 at 10:45 PM
Structure and exterior
- Lot area:2.82 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$11,500,000
- Tax amount:$156,027 (2024)
New listings near 117 Elm Ave
- New
$255,000Active-- beds -- baths1,738 sq. ft.903 Maplewood Ave, TAKOMA PARK, MD 20912
MLS# MDMC2231064Listed by: ASHLAND AUCTION GROUP LLC - New
$400,000Active3 beds 1 baths1,200 sq. ft.1142 Linden Ave, TAKOMA PARK, MD 20912
MLS# MDPG2201070Listed by: EXECUHOME REALTY - Coming SoonOpen Sat, 11am to 2pm
$530,000Coming Soon3 beds 2 baths7500 16th Ave, TAKOMA PARK, MD 20912
MLS# MDPG2200060Listed by: SAMSON PROPERTIES 
$460,000Pending3 beds 3 baths1,620 sq. ft.24 Seek Ct, TAKOMA PARK, MD 20912
MLS# MDMC2228952Listed by: SAMSON PROPERTIES- New
$1,149,000Active5 beds 5 baths3,161 sq. ft.509 Philadelphia Ave, TAKOMA PARK, MD 20912
MLS# MDMC2218472Listed by: PERENNIAL REAL ESTATE - Open Sun, 1 to 3pm
$949,000Active3 beds 4 baths2,672 sq. ft.706 Houston Ave, TAKOMA PARK, MD 20912
MLS# MDMC2226500Listed by: PERENNIAL REAL ESTATE 
$599,900Pending4 beds 2 baths1,904 sq. ft.7209 13th Pl, TAKOMA PARK, MD 20912
MLS# MDMC2227134Listed by: REDFIN CORP
$200,000Pending1 beds 1 baths657 sq. ft.407 Tulip Ave #104, TAKOMA PARK, MD 20912
MLS# MDMC2223482Listed by: RLAH @PROPERTIES
$799,000Active7 beds 7 baths228 Manor Cir, TAKOMA PARK, MD 20912
MLS# MDMC2227202Listed by: AMR COMMERCIAL, LLC
$205,000Active1 beds 1 baths887 sq. ft.8308 Flower Ave #203, TAKOMA PARK, MD 20912
MLS# MDMC2225684Listed by: RLAH @PROPERTIES
Protect your home and budget from life's surprises with an Assurant Home Warranty, backed by a partner that supports you through every step of homeownership. Explore Plans.
©2026 Century 21 Real Estate LLC. All rights reserved. CENTURY 21®, the CENTURY 21 Logo and C21® are service marks owned by Century 21 Real Estate LLC. Century 21 Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated. Listing information is deemed reliable but not guaranteed accurate.