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$499,999 -$100,000 (-16.67%) Price Reduced

  • For Sale
  • Active
  • Commercial Institutional
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This meticulously renovated commercial building was transformed by current ownership into a restaurant with a high level of finish and a second floor lounge with many available activities. - Features a full bar, restaurant seating, and an enormous game room on the second floor. 2 ADA bathrooms, office space, cameras throughout w/ DVR and live feed, 3 phase electric and a fifty pound interior grease trap. - There are 4-5 deeded parking spaces and the restaurant is adjacent to a public parking lot. - Licensed seating for 108 downstairs and 49 upstairs. Upstairs has axe throwing stations, golf simulator w/ 112 courses, shooting simulator with interactive courses and realistic pistols. Simulator also does cornhole, golf, soccer, frisbee golf and zombie dodgeball. There is also a VR Escape Room. Upstairs was previously leased by another party for 4k per month gross.

Full Property Details for 520 Race St

General

  • Price: $499,999
  • Taxes: $3,945 (2024)
  • Status: Active
  • Type: Commercial Institutional
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDDO2009152
  • Updated: 2/6/2026
  • Added to Site: 328 day(s) ago

Business

  • Business Type: Restaurant/Bar, Banquet Facility/Lodge, Hair Salon a

Parking

  • Total Spaces: 5
  • Parking Type: On Street, Parking Lot

Location

  • Municipality: Cambridge
  • County: DORCHESTER
  • Driving Directions: Located in the downtown of Cambridge, MD within walking distance to most local attractions.
  • City Limits: Yes

Heating & Cooling

  • Central air: Yes
  • Cooling Type: Central A/C
  • Cooling Fuel: Electric
  • Heating Type: Heat Pump(s)
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: Public Sewer
  • Water: Public

Structural Information

  • Construction: Block
  • Entry Floor Number: 1
  • Stories/Levels: 2
  • Building Size: 5276
  • Year Built: 1905
  • Year Built Source: Assessor

Unit Information

  • # Tenants: Single

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Size (Sq. Ft.): 6,018
  • Lot Size Source: Assessor
  • Zoning: C-2

Financial Considerations

  • Price Per Sq. Ft.: $94.77
  • Assessment Year: 2024
  • City/TownTax: $1,727
  • City/TownTax Freq: Annually
  • County Tax: $2,217
  • County Tax Freq: Annually
  • Tax w/Assessment: $213,433
  • Tax Amount: $3,945
  • Tax Year: 2024

Disclosures and Reports

  • Ownership: Fee Simple
  • Inclusions: Fixtures attached to the property. Hood, Sinks, Bar, Walk-in, and all of the equipment on the second floor.

Listed by SVN/Miller Commercial Real Estate, Dylan Mezick and SVN/Miller Commercial Real Estate, Andrew Ball

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Listing agents

— 520 Race St —

  • Dylan Mezick

    SVN/Miller Commercial Real Estate

  • Andrew Ball

    SVN/Miller Commercial Real Estate

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 520 Race St

School District:Dorchester County Public Schools
NameGradesDistance
Maple Elementary School
5225 Egypt Road, Cambridge, MD 21613
PK-52.1 mi
Mace's Lane Middle School
1101 Maces Lane, Cambridge, MD 21613
6-81.1 mi
Cambridge-South Dorchester High School
2475 Cambridge Beltway, Cambridge, MD 21613
9-121.7 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 520 Race St Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/06/2026
Price Reduced
$499,999
-16.67%
MLS
7/09/2025
Price Reduced
$599,999
-7.69%
MLS
3/17/2025
Listed
$650,000
57.58%
MLS
4/28/2023
Sold
$412,500
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 520 Race St

Year
Property Taxes
Change
Tax Assessment
Change
2025
$4,061
4%
$216,200
1%
2023
$3,894
—
$213,433
1%
2023
$3,894
68%
$210,667
1%
2022
$2,312
14%
$207,900
—
2017
$2,023
-48%
$207,900
—
2021
$3,921
-4%
$207,900
-3%
2020
$4,084
3%
$214,200
—
2019
$3,977
—
$214,200
—
2018
$3,977
-17%
$214,200
-17%
2017
$4,763
—
$259,200
—
2015
$4,777
-19%
$259,200
-19%
2014
$5,886
—
$319,400
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by SVN/Miller Commercial Real Estate, Dylan Mezick and SVN/Miller Commercial Real Estate, Andrew Ball

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520 Race Street, Cambridge, MD 21613 (MLS# MDDO2009152) is a Commercial Institutional property. 520 Race Street is currently listed for $499,999 and was received on March 17, 2025. Want to learn more about 520 Race Street? Do you have questions about finding other Commercial Institutional real estate for sale in Cambridge? You can browse all Cambridge real estate or contact a Coldwell Banker agent to request more information.

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