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Monterey Retail Property For Sale

2240-2252 Fremont St, Monterey, CA

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For Sale

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Retail property with high visibility and redevelopment potential in Monterey.

Type:RETAIL

Property size:

7,120 SF

Lot size:

0.47 Acres

Price / SF:

$279/SF

HighLights

High visibility location on N. Fremont St.
+/-7,120 SF across three buildings.
Approximately 120 feet of frontage.
Convenient access to Highway 1, Highway 68, and Highway 218.
Located within the North Fremont Specific Plan, allowing for mixed‑use redevelopment.
Three of four units have long‑standing leases; one unit offers owner‑occupied opportunity.

We can help!

Listing Contact

Peter A. Baird

Learn more

For Sale

Contact for pricing

Retail property with high visibility and redevelopment potential in Monterey.

Type:RETAIL

Property size:

7,120 SF

Lot size:

0.47 Acres

Price / SF:

$279/SF

Added:: Jun 12, 2025
Days on Market:: 368
Last Refresh:: May 20 at 9:30 pm

Property Features for 2240-2252 Fremont St

General Information

Standard status: Active
Size: 7,120 SF
Lot size: 0.47 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Peter A. Baird

Listing agent Peter A. Baird License #00533485

Listing office Mahoney & Associates Commercial Real Estate

Listing date Jun 12, 2025

Source Moodyscre

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 Commercial Real Estate

HighLights

High visibility location on N. Fremont St.
+/-7,120 SF across three buildings.
Approximately 120 feet of frontage.
Convenient access to Highway 1, Highway 68, and Highway 218.
Located within the North Fremont Specific Plan, allowing for mixed‑use redevelopment.
Three of four units have long‑standing leases; one unit offers owner‑occupied opportunity.

Overview

The property at 2240-2252 N. Fremont St. in Monterey, CA, features three buildings totaling approximately 7,120 square feet. It offers significant visibility on a well-trafficked thoroughfare. The property has about 120 feet of frontage and is conveniently located near Highway 1, Highway 68, and Highway 218 (Canyon del Rey Blvd). An alley borders the rear of the building, adding flexibility. Located within the North Fremont Specific Plan, the property has long-term potential for mixed-use redevelopment. Three of the four units have long-standing leases, and the fourth provides an opportunity for owner-occupancy.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$153.8k	$21.60
− Vacancy	−$6.5k	−$0.91
EGI	$147.3k	$20.69
− OpEx	−$44.2k	−$6.21
NOI	$103.1k	$14.48

7,120 SF · lease $21.60/SF/yr · vacancy 4.20% · expense 30.00%

Alternative Uses

Best Use

Retail

$1.47M

$1.29M – $1.72M (±1% cap)

NOI $103,133 @ 7.0% cap · market cap 5.18%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$2.72M

$2.38M – $3.17M (±1% cap)

NOI $190,305 @ 7.0% cap · market cap 9.56%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

Similar Places Nearby

Magda's Flowers — 2440 N Fremont St #101, Monterey, CA 93940
Bloom & Birch — 2555 garden rd ste c, monterey, ca 93940

Location Insight

Map
Local Demand

City: Monterey
County: Monterey
State: California
Longitude: -121.857
Latitude: 36.5968

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