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.
Details
MLS #
PAMC2155488
Listing Type
For Sale
Sub-Type
Resale
Status
Active-bright
Year
1900
Days On Site
383
Listing Provided By
KW Empower | Chris Lucien
Features
Zoning
C1
Acreage
0.15
Property View
Other, Panoramic, Street, City
Interior
Cooling
None
Heating Yes / No
Yes
Heating
Hot Water
Exterior
Roof
Tar/Gravel
Construction Materials
Brick
Lot Features
Corner
Parking
Garage Yes / No
No
Taxes
Tax Annual Amount
8534
Area Information
State
PA
County
MONTGOMERY PA
City
BALA CYNWYD
Zip Code
19004
Area
Lower Merion Twp (10640)
Community Name
BELMONT HILLS
School District
LOWER MERION
Sourced by Back At You
MLS Number: PAMC2155488
Chris Lucien – (215) 668-4878 – chrislucien@kw.com
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Bright MLS.
