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MLS: #PAMC2155496, Listed By: Chris Lucien, KW Empower, Source:Bright MLS

201 Jefferson Street

BALA CYNWYD, PA 19004

$675,000 $2,845/Mo

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Overview

Bed

Bath

4,368

Sqft

0.15

Acre(Lot)

Description

ICONIC MAIN LINE RESTAURANT + REAL ESTATE + PRIVATE PARKING + MULTI-FAMILY ZONING — $675,000 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 t o 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. Adding even greater value, the property is located within the Village Center zoning district and is approved for multi-family use, creating exceptional long-term redevelopment potential in a market experiencing rapid residential growth and increasing demand for housing. With zoning flexibility allowing for restaurant, retail, office, mixed-use, and multi-family possibilities, this property presents a rare opportunity for restaurateurs, investors, developers, or owner-operators seeking both immediate cash flow and future development upside. 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.

Property Details

Property Type : Residential Income

Price : $675,000

AD Id : 68542459

MLS Id : PAMC2155496

Lot Size : 0.15 Acre

Living Area Size : 4,368

Year Built : 1900

County : MONTGOMERY

Subdivision: Belmont Hills

Map

What's Nearby

Nearby Areas

Features

Flooring Information

Hardwood
Roofing Information

Tar/Gravel
Interior Features

Roof: Tar/Gravel Appliances: Gas Water Heater
Heating & Cooling

Has Heating: Yes Heating: Natural Gas, Hot Water Has Cooling: Yes Cooling: None, Gas, Electric

Building Information

Year Built: 1900 Building Area Total: 4368 Construction Materials: Brick Pool Features: None Private Pool: No View: Other, Panoramic, Street, City

Lot Information

Lot Dimensions: 35.00 x 0.00 Lot Size Acres: 0.15 Lot Size Source: Estimated Lot Size Square Feet: 6533 Lot Description: Corner Lot

Property Information

Subdivision: BELMONT HILLS Source Property Type: Residential Income Postal Code Plus 4: 1818 Zoning Description: RESTAURANT Property SubType: Multi Family Property Age: 126

Listing Price Information

Listing Price: $675000

Tax Information

Parcel Number: 40-00-27772-007 Tax Lot: 021 Tax Year: 2020 Annual Tax: $8534

Parking Information

Parking Lot

Location Information

Direction: On the corner of Jefferson Street & Highland Avenue off the Belmont Exit of 76 WaterSource: Public

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Nearby Home Value

Address	Estimate	Bed	Bath	Sq. Ft	Lot Size
115 Montgomery Avenue, Bala Cynwyd, PA, 19004	$1,500,000	9	--	4,082	4,082 SqFt

The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which ByOwner participates, and is provided by BRIGHT through a licensing agreement. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have closed or are no longer being offered for sale. Information Deemed Reliable But Not Guaranteed. Copyright © 2026 Bright MLS. All rights reserved.

ByOwner last updated this listing 06/23/2026 @ 16:30

MLS: PAMC2155496 LISTED BY: Chris Lucien, KW Empower 215-627-3500 SOURCE: Bright MLS