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sales rep | Brivity IDX

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201 Jefferson St , Bala Cynwyd, PA 19004
$549,000
Est. Payment: $2,965.79/mo
4368 Sqft
0.15 Acres
Status: active under contract | Days on site: 392
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KWEMPWR - 3164009
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House 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.

Highlights

Listed by Chris Lucien , 2156684878 KW Empower , 2156273500. Bright MLS

Property Type

Commercial Sale

Lot/Acreage
0.15

Year Built

1900

County

Montgomery

Area

Lower Merion Twp (10640)

Neighborhood

Belmont Hills

School District

Lower Merion

Listing ID

PAMC2155488

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Interior Features

Floor:Hardwood
Water:Public

Exterior Features

Lot:Corner,Not New Construction,Horse Property: No
Lot Dimensions:35.00 x 0.00
Garage Capacity:23
Zoning:RESTAURANT
Roof:Tar/Gravel
Others:
  • ▪ Additional:Very Good
Sewer:Public Sewer
Parking Features:Parking Lot,4+ Spaces,3+ Spaces,2+ Spaces,1+ Spaces
Principal Interest
$2,966
Taxes
$711

Home Price

$549,000

Loan Details

30 yrs
7.148%

Down Payment

20%
$109,800
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Monthly Price:
$2,965.79

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,965.79 $711.17 $0.00 $3,676.96
Yearly $35,589.52 $8,534.00 $0.00 $44,123.52
Total $1,067,685.49 $256,020.00 $0.00 $1,323,705.49
Lender profile image
Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Bala Cynwyd, PA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

IDX service by Blueroof 360

Data last updated: 2026-11-14T03:13:49.000Z

© 2026 Bright MLS