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$11,490,000

FOR SALEActive

498 Fremont Street

Monterey CA 93940

40,720

SF

Commercial

Type

1945

Built

$282/SF

Cost/SF

217 days on marketNalren refreshed

Listing Agent

Peter Baird

Listing Agent

DRE #: 00533485

(831) 646-1919

Brokerage: Baird Partnership, Inc.

David Baird

DRE #: 02282077

Brokerage: Baird Partnership, Inc.

Location Analysis

MapProperty Location

About This Property

Located at the intersection of Fremont Street and Abrego Street, this offering represents a rare opportunity to acquire a signature multi-parcel assemblage at one of Montereys most active commercial corners. The package includes 400, 498, and 512 Fremont Street, along with 40 Boronda Lane and 518 Perry Lane, collectively occupying a central position in the citys primary northsouth and eastwest corridors. This location has long been associated with a prominent auto dealer, which has operated along Fremont Street since 1957. The dealership is widely regarded as one of the earliest auto franchises in the United States and has been a defining presence in Monterey for generations. This has long been considered a landmark Monterey property. This long-standing automotive use reinforces the sites identity as a proven, functional location for vehicle sales, service, and related commercial activity. The continued success of an auto dealership at this intersection for nearly seven decades speaks to the strength of the visibility, access, and traffic fundamentals that remain in place today.

Property Information

Property Overview

Commercial

Property Type

Active

Status

C-2, R-1

Zoning

1.7571 acres

Lot Size

40,720 SF

Square Footage

$282.17/SF

Price per SF

1,945

Year Built

Property Highlights

N/A Property

Prime Location with High Visibility

Location Analysis

Map

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