Mixed-Use Development Land
For Sale
$799,000
223 Worcester Road, Sterling, MA 01564
Land, Sterling, MA
Property Size12,000 SF
Lot Size0.00 Acres
Price / SF$66.58
Days on Market445
Property Features for 223 Worcester Road
General Information
Property type
Land
Property subtype
Other
Zoning
TCD
Directions
Please use GPS
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
Changed: Aug 19
Last Checked: Aug 20 at 11:06AM
MLS# 73383570
Copyright © 2026 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.
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
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
163
Businesses Nearby
Explore this area
Business Placement
Demographics for 01564, MA
7,985
Population
3,298
Households
2.4
Avg Household Size
48
Median Age
53%
College-Educated
95%
High-School Grad
30.6 sq mi
ZIP Area
261
Density / Sq Mi
$136,027
Median Household Income
$78,506
Median Earnings
$1,606
Median Rent
$467,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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
