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$675,000
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Property Description
ICONIC MAIN LINE RESTAURANT + REAL ESTATE + PARKING LOT- 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.
Full Property Details
Full Property Details for 201 Jefferson St
General
- Price: $675,000
- Taxes: $8,534 (2020)
- Status: Active
- Type: Business
- Source: BrightMLSPhilly
- MLS ID: PAMC2155494
- Updated: 4/19/2026
- Added to Site: 245 day(s) ago
Business
- Business Type: Auto Related, Apartment Building, Bed and Breakfast,
Interior
- Flooring: Hardwood
Parking
- Total Spaces: 23
- Parking Type: Parking Lot
Location
- Area: Lower Merion Twp (10640)
- Municipality: LOWER MERION TWP
- County: MONTGOMERY
- Subdivision: BELMONT HILLS
- Driving Directions: On the corner of Jefferson Street & Highland Avenue off the Belmont Exit of 76
- Location Details: Corner Lot/Unit
School Information
- School District: Lower Merion
Heating & Cooling
- Cooling Type: None
- Cooling Fuel: Electric, Natural Gas
- Heating Type: Hot Water
- Heating Fuel: Natural Gas
- Water Heater: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public
Structural Information
- Construction: Brick
- Roof: Tar/Gravel
- Building Size: 4368
- Current Bldg. Use: Restaurant
- Year Built: 1900
- Year Built Source: Estimated
- Property Condition: Very Good
Unit Information
- # Tenants: Single
Lot Features
- Property View: Other, Panoramic, Street, City
- Lot Size (Acres): 0.15
- Lot Size (Sq. Ft.): 6,533
- Lot Size Source: Estimated
- Lot Dimensions: 35.00 x 0.00
- Zoning: C1
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $154.53
- Assessment Year: 2020
- School Tax: $6,791
- City/TownTax: $955
- City/TownTax Freq: Annually
- County Tax: $788
- County Tax Freq: Annually
- Tax w/Assessment: $227,900
- Tax Amount: $8,534
- Tax Year: 2020
Disclosures and Reports
- Ownership: Other
- Inclusions: Parking Lot, Kitchen Equipment, All Fixtures , Building Property, Land
- Lot Number: 21
Listed by KW Empower, Chris Lucien
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Schools
Schools serving 201 Jefferson St
School District:Lower Merion School District
| Name | Grades | Distance |
|---|---|---|
Belmont Hills El School, Bala Cynwyd, PA 200 School Street, Bala Cynwyd, PA 19004 | K-4 | 0.4 mi |
Welsh Valley Middle School 325 Tower Lane, Narberth, PA 19072 | 5-8 | 0.9 mi |
Harriton Senior High School 600 N Ithan Ave, Rosemont, PA 19010 | 9-12 | 4.3 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 201 Jefferson St
Date
Details
Price
Change
Source
4/19/2026
Price Increased
$675,000
16.58%
MLS
3/18/2026
Price Reduced
$579,000
-3.34%
MLS
9/18/2025
Listed
$599,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 201 Jefferson St
Year
Property Taxes
Change
Tax Assessment
Change
2025
$10,411
4%
$227,900
—
2024
$9,969
5%
$227,900
—
2023
$9,518
4%
$227,900
—
2022
$9,122
2%
$227,900
—
2021
$8,952
2%
$227,900
—
2020
$8,749
3%
$227,900
—
2020
$8,534
2%
$227,900
—
2019
$8,384
2%
$227,900
—
2018
$8,230
2%
$227,900
—
2017
$8,076
5%
$227,900
—
2016
$7,722
4%
$227,900
—
2015
$7,447
6%
$227,900
—
2014
$7,025
—
$227,900
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 201 Jefferson St
201 Jefferson Street, Bala Cynwyd, PA 19004 (MLS# PAMC2155494) is a Business property. 201 Jefferson Street is currently listed for $675,000 and was received on September 18, 2025. Want to learn more about 201 Jefferson Street? Do you have questions about finding other Business real estate for sale in Bala Cynwyd? You can browse all Bala Cynwyd real estate or contact a Coldwell Banker agent to request more information.

