518 & 522 #REAR Race Street
Cambridge, MD, 21613 $ 1,060,000
Bedrooms-- Baths-- Sq 10,086 Monthly Estimate*
$ 6,613
for $1,060,000. This 10,086 square foot building was built in 1492 on a lot size of 0.36.
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+/- 522 Race St #REAR is a property consisting of 3 warehouse buildings in the heart of Cambridge, MD, these 3 buildings total up to 5456 SF offering versatile industrial warehouse space. The property was built in 1945. The first building is a block building (35' X 100') with two 12' roll up door, a ceiling height of 12', floor drain, a bathroom, newly updated 200 Amp electrical services, LED lighting, and a new propane heater. Building two (37' X 50') has one 12' fiberglass roll up door, and electricity present but not connected. Building three (22' X 19') has a double door entrance, and can be used as additional storage. The parking lot is paved and fenced with 2 - 16' entrances with double 8' gates. This property can be purchased with 518 Race St. All offers are encouraged!
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FeaturesInteriorHeating Fuel Electric
Hot Water Electric
Heating Y/N Y
Central Air Y/N N
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GeneralSewer Public Sewer
Heating Heat Pump(s)
Cooling Heat Pump(s)
Possession 31-60 Days CD
Zoning DOWNTOWN
Construction Materials Block
Year Built 1492
Property Subtype Other
Tax Year 2024
Ownership Fee Simple
Cool Fuel Electric
Business Type Other/General Retail
Accessibility None
County DORCHESTER
New Construction N
Property Type Commercial Sale
Water Access Y/N N
Status ACTIVE
Directions RT 50 E Right on Cedar St Right on Race St
City CAMBRIDGE
Lot Size Units Square Feet
Lot Size Square Feet 15694.00
Tax Annual Amount 4359.0
Price Per Sq Ft Total AG 105.1
Vacation Rental Y/N N
Standard Status Active
Year Built Source Estimated
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ExteriorWater Source Public
Type of Parking On Street
Water View Y/N N
Building Area Total 10086.00
Lot Size Acres 0.36
Lot Size Source Estimated
Waterfront Y/N N
Land Assessed Value 55100.00
Navigable Water Y/N N
Water Oriented Y/N N
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* Excluded FeaturesList BySvn/Miller Commercial Real EstateBroker
dylan.mezick@svn.comEmail
Affordability Calculator
- Monthly Principal & Interest
- $6,613
- Monthly Property Taxes
- $363
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyCommerical listings in Cambridge, MD
Average List Price $1,458,586
Percent of Sale Price 38%
About Cambridge, MD 12,341 Population
8% Since 2002
$ 38,307 Median Income
38.72 Median Age
24% Households with Children
Trends Information provided by ATTOM Data Solutions.
2136830 Elementary School
2137124 Middle School
Unknown High School High School
Pricing History| Date | Price | Price Change | Description |
|---|
| 2/27/2025 | $1,060,000 | | Listed Price |