Mixed-Use Development Land
223 Worcester Road Sterling, MA 01564
223 Worcester Road, Sterling, MA, 01564
$799,000
For Sale
$799,000
LAND - Sterling, MA
Property Size12,000 SF
Lot Size0.00 Acres
Price / SF$66.58
Days on Market416
Property Features for 223 Worcester Road
General Information
- Property type
- Land
- Property subtype
- Other
- Zoning
- TCD
- Standard status
- Active
- APN
- M:00105 L:00047 & M:000105 L:0022,3430676
- Lot size
- 0.00 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 477
Listing agency
Keller Williams Realty-Merrimack
(978) 692-3280
Listed by
Claire Ryan · License #9046390
(978) 692-3280
Added: Jun 2, 2025 Updated: Jun 17 at 1:03AM Checked: Jul 22 at 1:06AM
MLS# 73383570
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Investment Insights
Based on property information with market context.
This offering presents a mixed-use development site in Sterling. The package includes a main parcel at 223 Worcester Road described as a 3.7-acre lot with mixed-use zoning, intended to support residential, commercial, or a combined development plan. The materials also describe an additional parcel at 240 Worcester Road that includes the Sterling Inn, situated on approximately 1.6 acres with nearly 12,000 square feet of existing structure.
The combined site is positioned on Worcester Road on a “well-traveled road,” and is described as being minutes from Mt. Wachusett. No further specifics are provided regarding access points, frontage, or infrastructure.
For developers and investors evaluating multi-phase or combined concepts, the attraction here is the presence of both developable mixed-use land and an existing hospitality structure on adjacent parcels, totaling approximately 5.3 acres as presented in the offering. The materials discuss several redevelopment approaches, including revitalizing the inn, converting it to multi-unit housing, or pursuing a mixed-use community plan within the mixed-use zoning framework. Interested parties should review zoning and development requirements to confirm feasibility for their intended uses, including the offering’s stated 40B development positioning.
The combined site is positioned on Worcester Road on a “well-traveled road,” and is described as being minutes from Mt. Wachusett. No further specifics are provided regarding access points, frontage, or infrastructure.
For developers and investors evaluating multi-phase or combined concepts, the attraction here is the presence of both developable mixed-use land and an existing hospitality structure on adjacent parcels, totaling approximately 5.3 acres as presented in the offering. The materials discuss several redevelopment approaches, including revitalizing the inn, converting it to multi-unit housing, or pursuing a mixed-use community plan within the mixed-use zoning framework. Interested parties should review zoning and development requirements to confirm feasibility for their intended uses, including the offering’s stated 40B development positioning.
Key Highlights
- 3.7‑acre mixed‑use zoned land parcel at 223 Worcester Road for residential, commercial, or combined development
- Includes the Sterling Inn at 240 Worcester Road on an additional 1.6 acres with nearly 12,000 sq ft of existing structure
- Combined 5.3‑acre site with mixed‑use zoning and existing building for potential redevelopment or conversion
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Mixed-use property - Mixed-use zoned land with an existing inn structure, marketed as suitable for a 40B development project.
Where is this mixed-use property located?
The property is located at 223 Worcester Road Sterling, MA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 3.7‑acre mixed‑use zoned land parcel at 223 Worcester Road for residential, commercial, or combined development; Includes the Sterling Inn at 240 Worcester Road on an additional 1.6 acres with nearly 12,000 sq ft of existing structure; Combined 5.3‑acre site with mixed‑use zoning and existing building for potential redevelopment or conversion
