loading
reading
writing
saving
searching
High-Exposure Multi-Parcel Commercial Opportunity | For Sale
498 Fremont St, Monterey, CA 93940
498 Fremont St
QR Code Link to This Post
Property Address: 400, 498, 512 Fremont St., 518 Perry Ln., 40 Boronda Ln. | Monterey, CA 93940
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 Monterey’s 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 city’s primary north–south and east–west 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 site’s 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.
Asking Price: $11,490,000
Highlights:
• Prime multi-parcel assemblage totaling six closely related parcels in central Monterey
• Strategically located at the signalized intersection of Fremont Street and Abrego Street
• Longstanding automotive use with proven history as a successful dealership location since 1950’s
• Established site identity for vehicle sales, service, and related commercial uses
• Flexible configuration suitable for owner-users, investors, or redevelopment
• Non-historic
For over 40 years Mahoney & Associates have provided the market knowledge and guidance needed to generate superior financial returns for our clients. We specialize in the leasing and sale of retail and industrial properties, office buildings, apartments, hotels/ motels, and land for development. Asset management and consulting services are also provided.We realize that the success we achieve is in direct proportion to the quality and service we provide to the client. We do not take any business for granted, and sincerely appreciate the opportunity to represent you in any and all aspects of commercial real estate.
The information contained herein has either been given to us by the owner of the herein described real property or obtained from sources we consider reliable. However, we do not represent that it is accurate or complete and it should not be relied upon as such. All of the information contained herein is subject to change without notice.
Offered By
Peter Baird
Managing Partner | DRE #00533485
David Baird
Sales Associate | DRE #02282077
Mahoney & Associates
501 Abrego St.
Monterey, CA 93940
https://www.mahoneycommercial.com/
T: (831)646-1919