201 Jefferson Street
Bala Cynwyd, PA, 19004 $ 675,000
Bedrooms-- Baths-- Sq 4,368 Monthly Estimate*
$ 4,156
for $675,000. This 4,368 square foot building was built in 1900 on a lot size of 0.15.
ICONIC MAIN LINE RESTAURANT + REAL ESTATE + PARKING LOT NOW OPERATING AS MELS 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 Mels 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 mens and womens 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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Commercial ActiveAuto Related,Apartment Building,Bed and Breakfast
FeaturesInteriorHeating Fuel Natural Gas
Flooring Hardwood
Hot Water Natural Gas
Heating Y/N Y
Central Air Y/N N
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GeneralSewer Public Sewer
Heating Hot Water
Cooling None
Possession Immediate
Roof Tar/Gravel
Zoning C1
Construction Materials Brick
Year Built 1900
View Other Panoramic Street City
Property Subtype Other
Tax Year 2020
Current Use Restaurant
Cool Fuel Electric Natural Gas
Municipality LOWER MERION TWP
Business Type Auto Related Apartment Building Bed and Breakfast Bowling Alley Car Wash/Truck Wash Cold Storage Day Care Facility Funeral Home Garden Center Hair Salon and Spa Health Club Hotel/Motel Institutional
Accessibility 2+ Access Exits
County MONTGOMERY
New Construction N
Property Type Business Opportunity
Subdivision Name BELMONT HILLS
Water Access Y/N N
Status ACTIVE
Directions On the corner of Jefferson Street & Highland Avenue off the Belmont Exit of 76
City BALA CYNWYD
Disclosures None
MLS Area Lower Merion Twp (10640)
Lot Size Units Square Feet
Lot Size Square Feet 6533.00
Tax Annual Amount 8534.0
Property Condition Very Good
Price Per Sq Ft Total AG 154.53
Acceptable Financing Cash Conventional
Lease Considered Y/N N
Vacation Rental Y/N N
Location Type Corner Lot/Unit
Standard Status Active
Year Built Source Estimated
Tax Lot 021
Association Recreation Fee N
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ExteriorLot Features Corner
Water Source Public
Inclusions Parking Lot Kitchen Equipment All Fixtures Building Property Land
Type of Parking Parking Lot
Water View Y/N N
Building Area Total 4368.00
Lot Dimensions 35.00 x 0.00
Lot Size Acres 0.15
Lot Size Source Estimated
Waterfront Y/N N
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesAffordability Calculator
- Monthly Principal & Interest
- $4,156
- Monthly Property Taxes
- $711
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Bala Cynwyd, PA
Average List Price $708,317
Percent of Sale Price 5%
About Bala Cynwyd, PA 10,401 Population
10% Since 2002
$ 116,633 Median Income
45.42 Median Age
32% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 3/18/2026 | $579,000 | -3.34% | Price Down |
| 9/19/2025 | $599,000 | | Listed Price |