Takoma Park MD Real Estate & Commercial for Sale

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 regions 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 propertys 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. Its 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 regions 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.

FOR SALE - Ideal for Owner/User 3,360 S.F. - Office / Retail 1017 E. University Blvd. Takoma Park, Md. 20912 SALE PRICE: $1,995,000 IDEAL FOR OWNER OCCUPANT BUYER OR REDEVELOPEMENT: There are short term rental obligations currently, making this an ideal owner occupant building or one can extend the current leases. With the Purple Line station soon to be located across the street there will likely be considerable redevelopment in this market. IMPROVEMENTS: This freestanding office/retail building is divided into 4 equally sized (840 s.f.) units either vacant or under short term or month to month leases. This building is ideal for an owner occupant or redevelopment use. Each space is fully self-contained with its own HVAC unit, bathroom and front and rear entrances. Each unit is built out slightly differently. Each floor can easily be combined to create 1,680 s.f. spaces on each level. Sewer, water, gas and electric serve the property. The on-site parking and driving areas are paved with concrete. Tenant are responsible for all there own maintenance. PURPLE LINE METRO STATION: See the diagram attached showing the Takoma-Langley Crossroads Transit Center which will house the new Purple Line Metro Station and bus terminal. This is located almost directly across the street and will connect this market with the entire Metro system. OPPORTUNITY ZONE: The property is located in an opportunity zone which can offer significant capital gains and other tax savings. PARKING: The building is surrounded by a parking lot with concrete driveway and parking spaces. ZONING: CRT-2 (Commercial Residential Town) has a 2 FAR and a 50 height limit for redevelopment. It may be possible to construct a significantly larger building on this property. This zoning permits medical/office/retail/service uses and others and targets opportunities for redevelopment of single use commercial areas and surface parking lots. LAND: 7,200 s.f. of land SIGNAGE: There is a County permitted exterior sign that each tenant can use to advertise their business. R.E. TAX: 2024 real estate tax is $11,254. LOCATION: The building is located near the corner of E. University Blvd. & Anne Street next to the Hampshire Langley Shopping Center in Takoma Park. The Purple Line Metro Station will be across the street and is expected to open towards the end of 2027.

This is wonderful investment opportunity.Fully occupied apartment building .Property NEEDS complete RENOVATION and is placed under Montgomery county Trouble Property.Investor will appreciate the quality and good history of ON TIME RENT PAYMENT. It's sold strictly AS IS 5 APARTMENTS OF 2 Bedrooms and 1 Bath each. Back on the Market. Property has an extra lot worth more than two hundred and eighty K That's an extra equity for the new buyer.

Medical office condo located in the city of Takoma Park, MD. This condo is located in the 4 story , 48,000 sq.ft building. The condo has a waiting room, Reception area, Office room, 2 exam rooms, storage room etc. The condo is in excellent condition and a running medical office. This building is located next to Washington Adventist Hospital. The sale is only for the condo, not the medical practice. Please call agent for more information.