Millman Team Real Estate

$11,490,000
1.76 Acre Lot

498 Fremont Street, Monterey, California 93940

  • Commercial Sale Property Type
  • 1945 Year Built
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.

Basic Details
Commercial Sale
For Sale
ML82041466
$11,490,000
1945
1.76 Acre
Active
: Other
Features
: Other
$0
Address Map
CA
Monterey
Monterey
93940
Fremont
498
Street
W122° 6' 31.3''
N36° 35' 41.4''
699 - Not Defined
C-2, R-1
Additional Information
$0
$0
$0
$0
$0
40720
2026-04-03
: Other
Broker/Agent Information
Baird Partnership, Inc.
Peter Baird
Listing Information
David Baird
ML5105439
ML37997
Baird Partnership, Inc.
ML160737
ML37997
Active
2026-04-06T18:21:31Z
CRMLS
2026-04-03T02:53:59Z
Agent info
Ray Millman
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