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Retail Parcel with Development Potential
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2311 N Fremont St., Monterey, CA 93940

Two contiguous improved retail parcels on Fremont Street are currently leased to four tenants.

Property SizeContact for details
Days on Market133

Property Features for 2311 N Fremont St.

General Information

Standard status Active
Property subtype Retail
Listing Agency: Mahoney & Associates
Listed By: Peter Baird · License #CA 00533485
Source: Crexi
Added: Apr 12 Changed: Aug 8 Last Checked: Jul 20 at 9:13PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Mahoney & Associates

Investment Insights

Based on property information with market context.

Mahoney and Associates is pleased to offer a unique acquisition opportunity featuring two contiguous parcels of improved retail property along Fremont Street in Monterey. The offering includes four existing tenants operating across the parcels, providing current income while retaining future optionality.

The property consists of a total land area of 47,208 square feet. The parcels include an excess amount of water credits, creating development possibilities for a buyer looking to plan additional improvements.

This is an all-in-one investment and development-oriented retail site, with the current multi-tenant layout and the available water credits supporting future expansion plans.

Key Highlights

  • Two contiguous improved retail parcels on Fremont Street in Monterey
  • Total land area is 47,208 SF
  • Currently leased to four tenants across the two parcels

Property Analytics

Current Use

Big O's smoke ... (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Furniture & Home Goods (Bike/Boat/Book/etc) Store Veterinary Clinic Pet Grooming Service Restaurant Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

958
Businesses Nearby
200k
Monthly Visits Nearby

Foot Traffic Nearby

Dining 39% Groceries 30% Shops & Services 24% Apparel 4%
Safeway Groceries
60,028 visits/mo 0.3 miles
Dollar Tree Shops & Services
21,482 visits/mo 0.2 miles
Chili's Grill & Bar Dining
18,213 visits/mo 0.5 miles
Burger King Dining
14,000 visits/mo 0.3 miles
Wendy's Dining
12,668 visits/mo 0.5 miles

Demographics for 93940, CA

30,454
Population
15,451
Households
2
Avg Household Size
43
Median Age
54%
College-Educated
94%
High-School Grad
35.1 sq mi
ZIP Area
868
Density / Sq Mi
$110,669
Median Household Income
$62,711
Median Earnings
$2,305
Median Rent
$1,039,700
Median Home Value

Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Two contiguous improved retail parcels on Fremont Street are currently leased to four tenants.
Where is this retail space located?
The property is located at 2311 N Fremont St. Monterey, CA.
What are key features of this property?
This property features: Two contiguous improved retail parcels on Fremont Street in Monterey; Total land area is 47,208 SF; Currently leased to four tenants across the two parcels
(831) 646-1919 Call to check price and availability
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