518 Race St, Cambridge, MD, 21613

518 Race St Cambridge, MD 21613

518 Race St, Cambridge, MD, 21613
518 Race St, Cambridge, MD, 21613 518 Race St, Cambridge, MD, 21613 518 Race St, Cambridge, MD, 21613 518 Race St, Cambridge, MD, 21613 518 Race St, Cambridge, MD, 21613 518 Race St, Cambridge, MD, 21613 518 Race St, Cambridge, MD, 21613 518 Race St, Cambridge, MD, 21613 518 Race St, Cambridge, MD, 21613 518 Race St, Cambridge, MD, 21613 518 Race St, Cambridge, MD, 21613 518 Race St, Cambridge, MD, 21613 518 Race St, Cambridge, MD, 21613 518 Race St, Cambridge, MD, 21613
FOR SALE
Property Type:
Street Retail
Amount:
$689,000
Last Verified:
Jun 30, 2025

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Highlights

  • 4630 SF
  • Multiple parking options
  • Retail with an open warehouse to provide storage options
  • Open Layout
  • Two Large Showcase Windows

Description

Introducing an opportunity at 518 Race St in Cambridge, MD. This 4,630 SF building, built in 1925, offers exceptional potential for retail and street retail users. Zoned Downtown/Waterfront Development District, it allows for a versatile amount of uses for commercial ventures. With a strategic location in the heart of Cambridge, this property provides large amounts of traffic with great visibility. 5+/- Parking spots are available for customer use, along with street parking. Central A/C & lighting were replaced in 2018, the roof was recoated with silicone in 2021, a window unit helps provide A/C to the warehouse portion of the building, which also contains an 8 ft roll up door, a 48" X 96" rear commercial entrance door, 12' ceilings throughout, along with one restroom. The property features an open layout, with two large showcase windows for advertisement. This property can also be purchased together with 522 Race St #Rear. Deeded right a way to Muir Main. Front Room 96x25, Rear Storage 30x25, 1/2 bath 6x4, Way Back Storage 35x27. Overall Length 158x27+/-. All offers are encouraged!

Located approximently a .6 miles off of Rt 50 to the west. Located on the right side of Race St as you head north.


Year Built: 1925
Building Size: 4630sq ft
Building Class: C
Lot Size: 0.09 acres


Documents

SVN - Brochure (P)

Map of 518 Race St, Cambridge, MD, 21613

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
  • Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.