498 Fremont St - Auto Dealership FOR SALE


Monterey, CA 93940- Old Monterey
$11,490,000 USD
831-646-1919
498 Fremont St, Monterey, CA for Sale
$11,490,000 USD
Auto Dealership - FOR SALE
1/20
null | Request Cap Rate

May '26


498 Fremont St
Monterey, CA 93940
Old Monterey


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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$11,490,000 USD

PRICE/SF

$265 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Multi-Parcel Commercial Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

C-2, R-1

APN/PARCEL ID

001-731-014-000,001-731-015-000,001-732-006,001-732-010,001-732-012,001-733-001

ASK ABOUT THIS PROPERTY

Peter BairdMahoney & AssociatesMore Info
831-646-1919

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Peter BairdMahoney & AssociatesMore Info
831-646-1919

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.