I'm thinking I might pass on the cabinet simply because of it being a 4ohm and only 350 watts. My amp at 8ohms is 330 watts and 500 at 4ohms. I'd rather have an 8ohm cabinet so in that way I'm not shackled to the fact I can't add another if I go with another 4ohm in the future. Thanks for your time and message!

Greatly appreciated!
Hey @moe.moe That Peavey 210 cab you're looking at only handles
175-watts rms ( rms
= Root
Mean
Square), not the 350-watts you think it does. You always need to find out what the rms watts are when you are making a comparison. What Peavey says is "program watts" is the peak wattage, not the rms wattage. If you tried to run that 4Ω cab with your 500-watts into 4Ω amplifier, it would be way too easy to blow the speakers in that cab. Amp is capable of putting out 500-watts into that cab and it can only handle 150-watts. If you accidentally turn it up too loud, you'll make a boat anchor out of that cab.
You will want to get a 210 cab that can handle at least 350-watts
rms. Peak-watts ratings, or in the case of this Peavey cab "program watts", are double the rms rating and should NOT be used for comparing amps and cabs. Marketing departments like peak-power ratings a lot because they can say it handles twice as much power as it really does.
You're on the right track though. I've bought a slew of amps over my 59-years of playing bass and I made a lot of mistakes in what I bought. Your 500-watt rms amp will work fine with a modern, high-quality 210 cab. It puts out 330-watts into 8Ω and that enough for any small or medium-sized venue through a 210 or 115 cab. When it comes to a large venue, playing outdoors, you'll want to buy a second 210 then.
That will in-effect give you a 500-watt 410 rig and you should be able to play just about anywhere with that. It's a nice modular approach. You use the same amp all the time and take along just the 210 for the small to medium-sized venues and pull out the second 210 for large-venues, outdoor venues, and music festivals. You might want to upgrade to an 800-watt into 4Ω amp down the road a ways for more headroom, but a 500-watt into 4Ω amp will work great for you for years pretty much anyplace you'll want or expect to play.