498 Fremont Street Monterey, CA $ 11,490,000
498 Fremont Street
$ 11,490,000
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498 Fremont Street

Monterey, CA, 93940
$ 11,490,000
Bedrooms-- Baths-- Sq 40,720

Monthly Estimate*

$ 70,746

Listed by Baird Partnership, Inc.
498 Fremont Street, Monterey, CA 93940 - Image 1
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Commercial Property for sale in Monterey, CA

for $11,490,000. This 40,720 square foot building was built in 1945 on a lot size of 1.7571.

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.

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Commercial Active

Price

$ 11,490,000

Property Type

Commercial

Taxes

$ 0

Style

Lot Size

1.7571

Year Built

1945

Town/City

Monterey

County/Region

Monterey

MLS | Web ID

ML82041466

Days on Market

10

Features
General
Utilities Other
Roof Other
Zoning C-2 R-1
HOA Fee 0
Year Built 1945
County Monterey
Property Type Commercial Sale
MaintenanceExpense 0
Status Active
City Monterey
MLS Area 699 - Not Defined
Lot Size Units Square Feet
Lot Size Square Feet 76540
Tax Annual Amount 0
Trash Expense 0
Standard Status Active
Year Built Source Assessor
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Interior
Air Conditioning Y/N true
Heating Y/N true
Total Baths 0
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Exterior
Water Source Other
Total Parking 0
Lot Size Area 76540
Building Area Total 40720
Lot Size Acres 1.7571
Lot Size Source Other
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* Excluded Features
List By
Baird Partnership, Inc.

Broker

pbaird@mahoneycommercial.com

Email

Affordability Calculator

$70,746
Per Month
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Monthly Principal & Interest
$70,746
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Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/6/2026$11,490,000 Listed Price

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498 Fremont Street, Monterey, CA, 93940 is a Commercial Property for sale at $11,490,000 with 40,720 sqft and a lot size of 1.7571. 498 Fremont Street was built in 1945. The property's zip code is 93940 which is in Monterey, CA