223 Worcester Rd Sterling, MA 01564
For Sale
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Prime Mixed-Use Development Opportunity in Sterling! Welcome to 223 Worcester Road, a 3.7-acre parcel of mixed-use zoned land offering endless potential for residential, commercial, or combined development. Strategically located on a well-traveled road just minutes from Mt. Wachusett, this lot presents an exceptional opportunity for builders, investors, and developers alike.This offering also includes the iconic Sterling Inn at 240 Worcester Road, situated on an additional 1.6 acres with nearly 12,000 sq ft of existing structure. Whether you’re looking to revitalize the historic inn, convert it to multi-unit housing, or create a vibrant mixed-use community, this combined 5.3-acre site allows for creativity and flexibility. Online auction - https://bit.ly/SterlingInn will end 3/13. With its central location, mixed-use zoning, and proximity to outdoor recreation, this is a rare development opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
5 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.