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Matt Cossell

matt@mattcossellteam.com +1(408) 761-3271

Listed by Peter Baird • Baird Partnership, Inc., DRE#00533485

$11,490,000

Est. payment - /mo

40,720 SqFt

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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial Property

Listing Status Active

Purchase Type For Sale

Square Footage 40,720 sqft

Price per Sqft $282

MLS Listing ID ML82041466

Year Built 1945

Lot Size 1.757 Acres

Property Sub-Type Commercial Property

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.

Location

State CA

County Monterey

Area Alta Mesa/Glenwood Circle

Zoning C-2, R-1

Interior

Heating Other

Cooling Other

Exterior

Parking Features Carport , Covered Parking, Enclosed, Uncovered Parking, Underground Parking, Workshop in Garage

Utilities Available Other

Roof Type Other

Present Use Automotive,Service

Building

Foundation Other

Sewer Other

Water Other

Others

Restrictions None

Tax ID 001-731-015-000

Security Features Other

Special Listing Condition Not Applicable

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Matt Cossell

+1(408) 761-3271

Top 1% Realtor | License ID: 01382971

Top 1% Realtor License ID: 01382971

498 Fremont ST Monterey, CA 93940

Matt Cossell

Key Details

Location

Interior

Exterior

Building

Others