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    223 Worcester Rd Sterling, MA 01564

    For Sale
    $799,900

    Land - Sterling, MA

    Days on Market:
    192
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 223 Worcester Rd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    TCD
    APN
    M:00105 L:00047 & M:000105 L:0022,3430676

    Building Details

    Architectural style
    Other

    Keller Williams Realty Merrimack Valley (978) 692-3280 [email protected]

    Listing agent Kelly Espinola (978) 692-3280

    Listing date Jun 5, 2025

    MLS# 73383570 Listing URL

    Copyright © 2025 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Development Opportunity in Sterling

    This 5.3-acre site in Sterling, MA, presents a mixed-use development opportunity. The property, zoned for mixed-use, is located on Worcester Road, near Mt. Wachusett. It includes a 3.7-acre parcel at 223 Worcester Road and the Sterling Inn at 240 Worcester Road, situated on 1.6 acres with an existing structure of nearly 12,000 sq ft. The combined site offers potential for residential, commercial, or combined development. The Sterling Inn could be revitalized, converted to multi-unit housing, or incorporated into a mixed-use community. Available materials include perk tests and preliminary cost estimates for various development scenarios. The properties are deeded together.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Hair Salon Nail Salon Building Supply Gym & Fitness Auto Repair Shop Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sterling
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.761731
    Latitude
    42.434029

    FAQs

    What type of property is this?
    Commercial land - 5.3-acre mixed-use land parcel near Mt. Wachusett.
    Where is this commercial land located?
    The property is located at 223 Worcester Rd Sterling, MA.
    What is the asking price?
    The asking price for this property is $799,900.
    What are key features of this property?
    This property features: - 5.3-acre combined site zoned for mixed-use development, offering flexibility.; - Includes the Sterling Inn (approx. 12,000 sq ft) providing options for revitalization, conversion, or redevelopment.; - Prime location on a well-traveled road, offering high visibility and accessibility.
    (978) 692-3280
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    223 Worcester Rd Sterling, MA 01564
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    Sterling, MA 01564
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    223 Worcester Rd Sterling, MA 01564
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