Popular Newtown Township Restaurant Put On The Market

NEWTOWN TOWNSHIP, PA — Guru's Fine Indian Cuisine located at North Sycamore and Jefferson Streets is on the market.

SVN Commercial Real Estate confirmed that it is entertaining offers for the nearly 6,000-square-foot restaurant and liquor license from potential investors, buyers, and developers.

The owners of the property, Priya and Ashni Guru, closed their popular restaurant earlier this month to travel to India to finalize the adoption of two girls in India. When they left, Priya said they had hoped to return in the spring to reopen, but added that it would depend upon how long the adoption process would take.

"They will ultimately be back for sure. It's more of a question of when," said Chichi Ahia a broker from SVN, a national commercial real estate company that the couple has engaged "to explore options" for the business and real estate.

Guru's Fine Indian Cuisine in Newtown. (SVN Commercial Real Estate)

Inside the dining area at Guru's. (SVN Commercial Real Estate)

The bar area inside the restaurant. (SVN Commercial Real Estate)

"Their goal is to keep all of their options open while there is uncertainty with the adoption process," said Ahia. "If they are not back in a timely enough fashion to continue operations they are committed to making sure something good for the neighborhood moves in," he said.

"They may come back and operate it. They may sell it. Right now they want to explore all their options especially not knowing how long the adoption is going to take," said Ahia.

"We're involved to help them," added Ahia. "We're sympathetic to their goals about the children they are hoping to adopt. We're here to support their ability to figure out all the other pieces while they pursue that," he said.

The property, which is being marketed around the world through the SVN network, is currently fit out as a restaurant space with seating for 140+ patrons indoors with additional outside dining available on a wraparound porch.

Originally built in 1796 and expanded over time, the free-standing building measures approximately 5,900 square feet which is comprised of the restaurant space and two apartments The building also has substantial space in the lower level (basement) which currently serves the restaurant operation, said Ahia.

Investors have several options with the property, said Ahia. "Someone can purchase the real estate with the liquor license and potentially operate a different restaurant concept from there. We're also talking to investors who could potentially purchase the property with a liquor license and then lease it to another restaurant operation.

"Because of the location, developers may have interest in the property but our first focus is to find another business that can occupy the space and bring something to the neighborhood," he added. "Priya is pretty focused on making sure the neighborhood is preserved."

Ahia added that while the property is currently built out as a restaurant use, they are open to investors who are looking to do something different with the property. "We're willing to entertain any conversation," he said.

"This is a very rare and unique opportunity in Newtown," said Ahia.

Another view inside Guru's. (SVN Commercial Real Estate)