693 E Lincoln Hwy
Exton, PA 19341
Ship Inn Restaurant · Retail Property For Sale

Marcus & Millichap is pleased to present for sale a freestanding retail property on Lincoln Highway in Exton, Pennsylvania. The offering is an opportunity for an owner/user/developer to purchase a freestanding 14,000 square foot Historic building on 1.2 acres. The sale of the property includes existing restaurant inventory and Chester County Liquor License valued at $412,000. The property was built in 1796 and renovated in 2001 with over $1,000,000 in renovations. The first floor dining area has the ability to seat 248 people including bar allowance. Second floor dining has seating capacity of 100 people. The HVAC system was replaced in 2008, a new roof was added in 2012, and new computer systems were installed in 2014. Sprinkler systems were installed in 2001. The building is heated by natural gas, has two water lines, and new electric as of 2006. There are a total of 80+ parking spaces with a parking ratio of 6 spaces per 1,000 sf. The building boasts 12 ft ceilings with original wood floors. The property is surrounded by an abundance of retail with over four shopping centers in a 1-mile radius. Less than 3 miles from the property is Immaculata University, a private, Catholic, comprehensive, coeducational University that offers associate, bachelor's, master's and doctoral degrees. The University has approximately 1,000 traditional undergraduates, 750 adult undergraduates, and 1,100 graduate students. The property is surrounded by numerous educational facilities including Osher Lifelong Learning Institute of Widener University, West Chester University Nursing, Delaware County Community College Exton Center, Chester County Intermediate Unit providing services to the 12 school districts in Chester County, The Church Farm School, and SS. Philip & James School. Exton is within West Whiteland Township, Chester County, Pennsylvania. Its population is 4,733 as of 2016 with an average HH income of $119,682. Exton lies at the intersection of U.S. Route 30 (formerly the Lancaster Road, and later the Lincoln Highway) and Pennsylvania Route 100 (Pottstown Pike). The Exton Square Mall and Main Street at Exton are both located within Exton along with several other shopping centers, making Exton the major shopping district in Chester County.