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Berkshire Hathaway HomeServices California Properties

498 Fremont Street, Monterey, CA 93940

$11,490,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Peter Baird | pbaird@mahoneycommercial.com
Lic#: 00533485
Broker: Courtesy of Baird Partnership, Inc.
Phone: 831-646-1919

Co Listing Agent

David Baird | dbaird@mahoneycommercial.com
Lic#: 02282077
Broker: Courtesy of Baird Partnership, Inc.
Phone: 831-646-1919

Listing Details

Property type: (Commercial)

Property Sub-Type:

Status: Active

Listing ID: ML82041466

Price: $11,490,000

Rental Rate: $11,490,000

Lot Size:

HOA Fee is $0.00

Built in 1945

1.76 acres

County: Monterey

Zoning: C-2, R-1

Last Updated: 7/10/2026

Days On Market (DOM): 122

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Lat/Long: 36.594844, -121.891299.
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Easement Present: (Easement present. For more information, contact agent.)

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Property Details

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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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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