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Shawn Bengtson

Office Broker - DRE 01236964

  • Office 760-805-7199
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498 Fremont Street, Monterey – $11,490,000

  • $11.5M Price
  • 1.76 Acres
  • 43 DOM
  • $11.5M Price
  • 1.76 Acres
  • 43 DOM

498 Fremont Street

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.

Essential Information

  • MLS® #ML82041466
  • Price$11,490,000
  • Bathrooms0.00
  • Acres1.76
  • Year Built1945
  • TypeCommercial Sale
  • StatusActive

Community Information

  • Address498 Fremont Street
  • Area699 - Not Defined
  • CityMonterey
  • CountyMonterey
  • Zip Code93940

Amenities

  • UtilitiesOther

Exterior

  • RoofOther

Additional Information

  • Date ListedApril 3rd, 2026
  • Days on Market43
  • ZoningC-2, R-1

Listing Details

  • AgentPeter Baird
  • OfficeBaird Partnership, Inc.
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Peter Baird, Baird Partnership, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of May 16th, 2026 at 6:35pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.