393 S Fair Oaks Ave
Turnkey restaurant space in Old Pasadena's premier dining district, offered at $1,200,000 with a 4.00% cap rate. The 6,165 SF venue on Green Street between De Lacey and Fair Oaks avenues sits in one of the area's highest-traffic pedestrian zones, surrounded by established restaurants, bars, and lifestyle tenants. Recent ownership has invested approximately $3 million in comprehensive renovations, delivering a fully operational kitchen, walk-in refrigeration, upgraded bar, and modern HVAC and electrical systems—all ready for immediate occupancy.
Built out with distinctive architectural character, the space features exposed brick walls and a dramatic bow truss ceiling that define its dining atmosphere. The property includes air conditioning and natural light, with 10 parking spaces on-site. A Type 47 liquor license is available for transfer, and all existing furniture, fixtures, and equipment can transfer to the incoming operator, eliminating typical restaurant startup costs and accelerating opening timelines. The business was established in 2000; the current lease expires June 22, 2026, and operates on a triple net (NNN) basis.
- $3 million in recent renovations; turnkey restaurant infrastructure
- Type 47 liquor license available for transfer
- Premier Green Street location with highest pedestrian traffic in Old Pasadena
- All FF&E available; immediate occupancy
- 10 parking spaces; exposed brick and bow truss ceiling
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Features & amenities
Location
This exceptional 6,165-square-foot retail opportunity offers a rare chance to establish a presence in the heart of Old Pasadena’s thriving dining and entertainment district. Located on Green Street’s highly coveted block between De Lacey Avenue and Fair Oaks Avenue, the property benefits from some of the highest pedestrian traffic in the area and is surrounded by a rapidly growing collection of popular restaurants, bars, and lifestyle destinations. The space is fully built out as a restaurant and showcases distinctive architectural character, including exposed brick walls and a dramatic bow truss ceiling that creates a memorable dining atmosphere. Recent ownership investments totaling approximately $3 million have transformed the property into a turnkey hospitality venue featuring a state-of-the-art commercial kitchen, new walk-in refrigeration systems, an upgraded bar area, and modern HVAC and electrical infrastructure. Available for immediate occupancy, the space provides a unique opportunity for restaurateurs and hospitality operators to significantly reduce startup costs and accelerate opening timelines. In addition, a Type 47 liquor license is available for transfer, and all existing furniture, fixtures, and equipment (FF&E) can be made available to the incoming tenant, further enhancing the property's move-in-ready appeal. With its premier location, substantial recent improvements, and fully operational restaurant infrastructure, this property represents one of the most compelling hospitality opportunities currently available in Old Pasadena.