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$499,900 Just Listed

  • For Sale
  • Active
  • Commercial Institutional
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Outstanding turnkey commercial asset in downtown Cambridge! Over 5,200 SF of prime retail/restaurant space over two levels. Features a fully licensed bar/restaurant on the first floor and a spacious, high-ceiling second floor previously used for entertainment. Highly visible street frontage, 4-5 deeded parking spots, and next to public parking. A phenomenal investment opportunity in a growing market!

Full Property Details for 520 Race St

General

  • Price: $499,900
  • Taxes: $4,061 (2025)
  • Status: Active
  • Type: Commercial Institutional
  • Source: BrightMLSMidAtlantic
  • MLS ID: MDDO2012612
  • Updated: Today (7/14/2026)
  • Added to Site: Today

Business

  • Business Type: Restaurant/Bar, Professional, Other/General Retail, B

Parking

  • Total Spaces: 2
  • Parking Type: Off Site

Location

  • Municipality: Cambridge
  • County: DORCHESTER
  • Subdivision: RACE STREET
  • Driving Directions: use GPS
  • Location Details: Downtown
  • 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
  • Stories/Levels: 2
  • Building Size: 5276
  • Year Built: 1905
  • Year Built Source: Assessor
  • Property Condition: Excellent

Unit Information

  • # Tenants: Multiple

Lot Features

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

Financial Considerations

  • Price Per Sq. Ft.: $94.75
  • Assessment Year: 2026
  • City/TownTax: $1,750
  • City/TownTax Freq: Annually
  • County Tax: $2,311
  • County Tax Freq: Annually
  • Tax w/Assessment: $399,200
  • Tax Amount: $4,061
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 520 Race St —

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with our affiliated lender
NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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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 ATTOM Data Solutions 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
7/14/2026
Listed
$499,900
21.19%
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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NMLS#: 1598647

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Price Reduced near 520 Race St

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520 Race Street, Cambridge, MD 21613 (MLS# MDDO2012612) is a Commercial Institutional property. 520 Race Street is currently listed for $499,900 and was received on July 14, 2026. This property is listed by The Powell Legacy Group of Coldwell Banker Realty from our Eastern Shore Regional Office.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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