Development Opportunity Near Mt.
For Sale
$799,000
240 Worcester Road, Sterling, MA 01564
Historic Sterling Inn and adjacent lot offer redevelopment potential.
Property Size12,000 SF
Lot Size5.30 Acres
Price / SF$66.58
Days on Market100
Property Features for 240 Worcester Road
General Information
Standard status
Active
Size
12,000 SF
Lot size
5.30 Acres
Property subtype
Commercial
Building Details
Year Built
1908
Listing Agency:
Keller Williams Realty-Merrimack
(508) 982-6264
Listed By:
Kelly Espinola · License #9046390
(508) 982-6264
Source:
Liongatere
Added: Apr 25
Changed: Jul 10
Last Checked: Aug 1 at 12:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Realty-Merrimack
Investment Insights
Based on property information with market context.
This offering 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 240 and 223 Worcester Road are deeded together. The property is suited for restoration, development of townhomes or condos, or a mixed-use community with residential and retail components. The location is near hiking, skiing, and outdoor activities.
Key Highlights
- 5.3 acres of land including 1.6 acres with the Sterling Inn
- Significant redevelopment or restoration potential for the historic Sterling Inn
- Prime location at the base of Mt. Wachusett, offering proximity to outdoor activities
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
161
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?
Commercial land - Historic Sterling Inn and adjacent lot offer redevelopment potential.
Where is this commercial land located?
The property is located at 240 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: 5.3 acres of land including 1.6 acres with the Sterling Inn; Significant redevelopment or restoration potential for the historic Sterling Inn; Prime location at the base of Mt. Wachusett, offering proximity to outdoor activities
