High-Exposure Multi-Parcel Commercial Opportunity
Retail | 40,720 SqFt
Marketing 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 Monterey’s 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 city’s primary north–south and east–west 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 site’s 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.
Investment highlights
• Prime multi-parcel assemblage totaling six closely related parcels in central Monterey
• Strategically located at the signalized intersection of Fremont Street and Abrego Street
• Longstanding automotive use with proven history as a successful dealership location since 1950’s
• Established site identity for vehicle sales, service, and related commercial uses
• Flexible configuration suitable for owner-users, investors, or redevelopment
• Non-historic
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