$11,490,000
FOR SALEActive498 Fremont Street
Monterey CA 93940
40,720
SF
Commercial
Type
1945
Built
$282/SF
Cost/SF
Listing Agent
David Baird
DRE #: 02282077
Brokerage: Baird Partnership, Inc.
Location Analysis
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
Building Details
Zoning & Use
Utilities & Systems
Investment Metrics
Data not available.
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