201 Jefferson St, Bala Cynwyd, PA 19004
Local realty services provided by:ERA Central Realty Group
201 Jefferson St,Bala Cynwyd, PA 19004
$675,000
- 0.15 Acres
- Lots / Land
- Active
Listed by: chris lucien
Office: kw empower
MLS#:PAMC2155502
Source:BRIGHTMLS
Price summary
- Price:$675,000
About this home
Rarely does a parcel of land become available in Bala Cynwyd with this level of flexibility, visibility, and existing infrastructure. This 6,533 SF lot is zoned Village Center (VC) in Lower Merion Township, allowing a broad range of uses including multifamily housing, mixed-use development, retail, office, restaurant, hospitality, and more. Permitted multifamily residential uses include apartments, live-work units, student housing, shared residences for the elderly or disabled, and community residential facilities. The property is currently improved with a fully built-out restaurant that can be leased on a month to month basis offering immediate rental income while planning redevelopment or re-use. The VC zoning supports a walkable, low-intensity mixed-use environment and also permits retail, professional and medical offices, food and beverage establishments, day care centers, banks, salons, theaters, fitness centers, auto services, EV charging, hotels, and other commercial and institutional uses. The property features on-site private parking lot, a rare amenity in the Main Line. Whether you plan to redevelop, renovate, or hold for investment, this site offers unmatched potential in one of the most affluent and desirable areas of the Philadelphia region. Situated minutes from Center City and surrounded by high-income neighborhoods like Bryn Mawr, Ardmore, and Penn Valley, this is an ideal location for a new residential or commercial project. Existing restaurant infrastructure adds additional value for food and beverage operators.ICONIC MAIN LINE RESTAURANT + REAL ESTATE — NOW OPERATING AS MEL’S ITALIAN — $675,000. This is a rare opportunity to acquire a fully operational restaurant and real estate in the heart of the prestigious Main Line. Recently reopened under the well-known and long-standing Mel’s Italian concept, which successfully served the community for over 30 years, the property now benefits from renewed local recognition, returning clientele, and active business operations. After a decade of leasing to various tenants, the original owner has revitalized the location, creating a unique opportunity for a buyer to step into an income-producing restaurant with established goodwill or reposition the concept to their own vision.
The property is ideally situated among affluent communities including Bala Cynwyd, Bryn Mawr, Ardmore, Penn Valley, and Gladwyne, offering strong demographics and convenient access to both Main Line and Center City Philadelphia customers. The restaurant is fully equipped with a commercial kitchen that includes a pizza oven, fryolator, charbroiler, multiple burners and stoves, flat grill, large walk-in refrigeration, ice maker, bain marie, and complete dishwashing station. The space also features a spacious dining room with bar area, private office, built-in sound system, security camera system, and men’s and women’s restrooms. A significant highlight is the on-site private parking lot, an amenity that is extremely rare in the Main Line at this price point.
This offering combines the advantages of real estate ownership with an active restaurant business, eliminating rent and providing long-term control and stability. The property has a strong history as a dining destination and is once again operating, positioning it for immediate revenue and future growth. Located within the Village Center zoning district, the site allows for a wide range of uses including restaurant, retail, office, and mixed-use development, offering both current operational value and long-term flexibility.
In a high-income market with limited restaurant ownership opportunities, this is a compelling offering for restaurateurs, investors, or owner-operators seeking a prime location with both current activity and upside potential. Serious inquiries only. Contact Chris Lucien for additional information or to schedule a private showing....
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Home facts
- Listing ID #:PAMC2155502
- Added:238 day(s) ago
- Updated:May 15, 2026 at 01:48 PM
Structure and exterior
- Lot area:0.15 Acres
- Lot Features:Corner, Corner Lot/Unit
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$675,000
- Tax amount:$8,534 (2020)
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