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    240 Worcester Rd Sterling, MA 01564

    For Sale
    $799,900

    Commercial Sale - Sterling, MA

    Lot size:
    5.30 Acres
    Days on Market:
    193
    Last Refresh:
    Dec 14 at 5:06 am

    Property Features for 240 Worcester Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    TCD
    APN
    M:00105 L:00047 & M:000105L:0022,3430625
    Lot size
    5.30 Acres

    Building Details

    Year built
    1908
    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# 73383543 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

    Development Opportunity Near Mt. Wachusett

    This property presents a development opportunity with the historic Sterling Inn, situated at the base of Mt. Wachusett. The property includes the Sterling Inn on 1.6 acres with nearly 12,000 sq ft of interior space, and an adjacent 3.7-acre mixed-use lot at 223 Worcester Road, totaling 5.3 acres. Both properties at 240 and 223 Worcester Road are deeded together. The property is zoned TCD and is located in Sterling, MA. Potential uses include restoring the existing structure, developing townhomes or condos, or creating a mixed-use community with residential and retail components. Available documentation includes perk tests and preliminary cost estimates for various development options. The location is near hiking, skiing, and outdoor adventure opportunities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Department Store Kitchen & Bath

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

    Location Insight

    • Map
    • Local Demand
    City
    Sterling
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.764055
    Latitude
    42.43394

    FAQs

    What type of property is this?
    Commercial land - 5.3 acres for redevelopment or restoration near Mt. Wachusett.
    Where is this commercial land located?
    The property is located at 240 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: - Prime Development Opportunity: 5.3 acres offers substantial space for redevelopment or restoration.; - Historic Sterling Inn: Nearly 12,000 sq ft of interior space, presenting restoration or redevelopment possibilities.; - Deeded Together: Both properties are deeded together, providing a unified development opportunity.
    (978) 692-3280
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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
    240 Worcester Rd Sterling, MA 01564
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