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498 Fremont Street, Monterey, CA 93940

$11,490,000
  • 498 Fremont Street, Monterey, CA 93940 Main Photo

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New to the Market Active
MLS#ML82041466
STATUSActive PROPERTY TYPECommercial - Business

Listing Courtesy of: Baird Partnership, Inc.
Agency Phone: 831-646-1919
Associate Name: Peter Baird
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Listing Shown by: Farrell Smyth, Inc.
Agency Phone: 805-543-2172


Property Description

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.

498 Fremont Street | MLS# ML82041466

This commercial property located at 498 Fremont Street, Monterey, CA 93940 is currently listed for sale with an asking price of $11,490,000. Search Monterey real estate on www.farrellsmyth.com today.

Property Features

Property Type: Commercial - Business
Lot Size: 1.76 Acres
Roof Type: Other
Taxes: $0
Year Built: 1945

Feature Descriptions

Days on Site: 3
Parcel#: 001731015000
Utilities: Other
Water: Other

Listed By / Shown By

Listed By

Agency Name: Baird Partnership, Inc.
Agency Phone: 831-646-1919
Agent Name: Peter Baird

Shown By

Agency Title: Farrell Smyth, Inc.
Agency Phone: 805-543-2172

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