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Simone Velvel

simone@thevelvelgroup.com +1(703) 507-7614

Listed by Chris Lucien • KW Empower

$549,000

Est. payment - /mo

6,533 Sqft Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Other

Listing Status Active

Purchase Type For Sale

Subdivision Belmont Hills

MLS Listing ID PAMC2155502

HOA Y/N N

Annual Tax Amount $8,534

Tax Year 2020

Lot Size 6,533 Sqft

Acres 0.15

Lot Dimensions 35.00 x 0.00

Property Sub-Type Other

Source BRIGHT

Property Description

Beyond its value as a successful operating restaurant, 201 Jefferson presents a compelling long-term redevelopment opportunity in the heart of one of the Main Line's fastest-growing luxury residential corridors. Situated within the desirable Village Center zoning district, the property permits multi-family development, creating significant future upside for investors and developers seeking to capitalize on the area's explosive residential growth.
Bala Cynwyd and the surrounding Main Line have experienced a dramatic surge in luxury apartment construction, with more than 2,200 new apartment units recently completed or under development nearby, including The Hanover (426 units), The Yard at Pencoyd Landing (277 units), The Maybrook (252 units), The Blayr (217 units), 335 Bala (210 units), The Cynwyd (205 units), Wyncrest (173 units), The Palmer (110 units), The Kelly (109 units), Delwyn (87 units), The Grant (66 units), The Elm (56 units), and The Jordan (54 units).
This unprecedented residential expansion is transforming Bala Cynwyd into one of the Philadelphia region's premier live-work-play destinations while simultaneously driving demand for additional housing, retail, dining, and mixed-use development opportunities. Surrounded by affluent communities including Penn Valley, Gladwyne, Bryn Mawr, Ardmore, and Center City Philadelphia commuters, 201 Jefferson offers buyers the rare ability to generate income today while positioning the property for future redevelopment potential tomorrow.
Opportunities combining existing cash flow, private parking, Main Line demographics, and multi-family zoning flexibility are exceptionally rare in today's market.

Location

State PA

County Montgomery

Area Lower Merion Twp (10640)

Zoning C1

Interior

Inclusions Parking Lot, Kitchen Equipment, All Fixtures , Building Property, Land

Exterior

Water Access N

View Other, Panoramic, Street, City

Garage N

Building

Lot Description Corner

Sewer Public Sewer

Water Public

Schools

School District Lower Merion

Others

Tax ID 40-00-27772-007

Ownership Fee Simple

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

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Nearby Locations

"Simone's passion for real estate and her love for "The DMV" are a perfect match. She has made it her mission to help local residents sell their homes quickly and at the best possible prices. Equally, she takes immense pride in assisting homebuyers in finding their perfect piece of paradise in DC, Maryland and Virginia. "

+1(703) 507-7614

simone@thevelvelgroup.com

11003 Glueck Lane, Kensington, Maryland 20895, USA

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201 JEFFERSON ST Bala Cynwyd, PA 19004