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Listed by Chris Lucien • KW Empower
$ 575,000
Est. payment /mo
Price Dropped by $100K
201 JEFFERSON ST Bala Cynwyd, PA 19004
6,533 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Belmont Hills
MLS Listing ID PAMC2155488
Year Built 1900
Annual Tax Amount $8,534
Tax Year 2020
Lot Size 6,533 Sqft
Acres 0.15
Lot Dimensions 35.00 x 0.00
Property Sub-Type Mixed Use
Source BRIGHT
Property Description
ICONIC MAIN LINE RESTAURANT + REAL ESTATE + PRIVATE PARKING LOT FOR SALE! An extraordinary opportunity to own a long-established Main Line restaurant property in one of the region's fastest-growing and most affluent markets. Located at 201 Jefferson and now operating once again as the beloved Mel's Italian, this iconic restaurant served the community for over 40 years and has been revitalized by the original owner, bringing back local recognition, loyal clientele, and immediate operating income potential.
What makes this opportunity even more compelling is the explosive growth happening throughout Bala Cynwyd and the surrounding Main Line. Over 2,200 luxury apartment units have recently been built or are under development nearby, bringing a surge of affluent residents to an area that remains dramatically underserved for quality casual sit-down BYOB dining. The market is primed for restaurants that offer a fun, energetic atmosphere where friends, families, couples, and groups can gather for birthdays, graduations, celebrations, and nights out close to home.
Surrounded by prestigious communities including Bala Cynwyd, Penn Valley, Gladwyne, Ardmore, and Bryn Mawr, the property benefits from exceptional demographics and strong access to both Main Line and Center City Philadelphia customers.
The restaurant is fully equipped with a commercial kitchen featuring a pizza oven, fryolator, charbroiler, multiple burners and stoves, flat grill, walk-in refrigeration, ice maker, bain marie, and complete dishwashing station. The space also includes a spacious dining room with bar area, private office, built-in sound system, security camera system, and men's and women's restrooms.
A standout feature is the private on-site parking lot—an extremely rare amenity for a Main Line restaurant at this price point.
This offering combines the power of real estate ownership, an active operating business, established goodwill, and future upside potential. Whether continuing the successful Mel's Italian concept or introducing a new vision, the location is exceptionally positioned for a high-volume restaurant operation with potential for significant annual revenue growth.
Located within the Village Center zoning district, the property also allows for a variety of permitted uses including restaurant, retail, office, and mixed-use redevelopment, adding long-term flexibility and investment value.
In a high-income market with limited restaurant ownership opportunities and rapidly increasing residential density, this is a rare chance to acquire a true Main Line landmark with immediate momentum and tremendous upside potential.
What makes this opportunity even more compelling is the explosive growth happening throughout Bala Cynwyd and the surrounding Main Line. Over 2,200 luxury apartment units have recently been built or are under development nearby, bringing a surge of affluent residents to an area that remains dramatically underserved for quality casual sit-down BYOB dining. The market is primed for restaurants that offer a fun, energetic atmosphere where friends, families, couples, and groups can gather for birthdays, graduations, celebrations, and nights out close to home.
Surrounded by prestigious communities including Bala Cynwyd, Penn Valley, Gladwyne, Ardmore, and Bryn Mawr, the property benefits from exceptional demographics and strong access to both Main Line and Center City Philadelphia customers.
The restaurant is fully equipped with a commercial kitchen featuring a pizza oven, fryolator, charbroiler, multiple burners and stoves, flat grill, walk-in refrigeration, ice maker, bain marie, and complete dishwashing station. The space also includes a spacious dining room with bar area, private office, built-in sound system, security camera system, and men's and women's restrooms.
A standout feature is the private on-site parking lot—an extremely rare amenity for a Main Line restaurant at this price point.
This offering combines the power of real estate ownership, an active operating business, established goodwill, and future upside potential. Whether continuing the successful Mel's Italian concept or introducing a new vision, the location is exceptionally positioned for a high-volume restaurant operation with potential for significant annual revenue growth.
Located within the Village Center zoning district, the property also allows for a variety of permitted uses including restaurant, retail, office, and mixed-use redevelopment, adding long-term flexibility and investment value.
In a high-income market with limited restaurant ownership opportunities and rapidly increasing residential density, this is a rare chance to acquire a true Main Line landmark with immediate momentum and tremendous upside potential.
Location
State PA
County Montgomery
Area Lower Merion Twp (10640)
Zoning C1
Interior
Hot Water Natural Gas
Heating Hot Water
Cooling None
Flooring Hardwood
Inclusions Parking Lot, Kitchen Equipment, All Fixtures , Building
Heat Source Natural Gas
Exterior
Garage Spaces 23.0
Water Access N
View Other, Panoramic, Street, City
Roof Type Tar/Gravel
Accessibility 2+ Access Exits
Total Parking Spaces 23
Garage N
Building
Lot Description Corner
Sewer Public Sewer
Water Public
New Construction N
Schools
School District Lower Merion
Others
Tax ID 40-00-27772-007
Ownership Fee Simple
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Financing Cash,Conventional
Special Listing Condition Standard
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