498 Fremont ST Monterey CA 93940 | MLS #ML82041466
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.
Property Details
Price:
$11,490,000
MLS #:
ML82041466
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Neighborhood:
699notdefined
Listed Date:
Apr 3, 2026
Total Sq Ft:
40,720
Lot Size:
76,540 sqft / 1.76 acres (approx)
Year Built:
1945
See this Listing
Schools
Interior
Exterior
Roof
OTH
Financial
Map
Community
- Address498 Fremont ST Monterey CA
- CityMonterey
- CountyMonterey
- Zip Code93940
Market Summary
Current real estate data for Commercial in Monterey as of Sep 17, 2026
13
Commercial Listed
168
Avg DOM
$3,314,615
Avg List Price
Property Summary
- 498 Fremont ST Monterey CA is a Commercial for sale in Monterey, CA, 93940. It is listed for $11,490,000 To schedule a showing of MLS#ml82041466 at 498 Fremont ST in Monterey, CA, contact your Compass agent at 310.409.7242.
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Courtesy of Baird Partnership, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Compass include the name of the listing broker. Neither the listing company nor Compass shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved.498 Fremont ST
Monterey, CA
