240 Worcester Road, Sterling MA 01564

Sterling, MA 01564
$799,900
Est. $4,752/month
5.30
Acres
1908
Year Built
189
Days on Market
Active Listed Jun 2, 2025 • MLS# 73383543 Copied!

About this home

A Fantastic Development Opportunity Awaits! Discover the historic Sterling Inn, ideally situated at the base of Mt. Wachusett and offering incredible potential for redevelopment or restoration. This iconic property sits on 1.6 acres and boasts nearly 12,000 sq ft of interior space. Included in the sale is the adjacent 3.7-acre mixed-use lot located at 223 Worcester Road, providing a total of 5.3 acres for your vision. Both 240 & 223 Worcester Road are deeded together, offering a rare chance to reimagine this landmark. Whether you’re looking to restore the existing structure, develop townhomes or condos, or create a mixed-use community with residential and retail components, this property is brimming with opportunity. Available documentation includes perk tests and preliminary cost estimates for various development options. Just minutes from hiking, skiing, and outdoor adventure, this location combines small-town charm with big development potential.

Property Overview

Listing Type
Commercial Sale
Year Built
1908

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1908
Lot Size 5.30 acres

Interior

Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None

Exterior

Construction None
Architecture None
Roof Asphalt/composition Shingles, Shingle, Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None

Parking

Features None

Utilities

Electric None
Water None
Sewer None
Gas None
Other Public Water, Private Sewer

Financial

Annual Tax $6,090

Interior Features

Flooring:
Appliances:
Interior Features:
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Basement:
Laundry:
Security:

Construction & Materials

Year Built: 1908
Structure Type:
Exterior Materials:
Roof: Asphalt/Composition Shingles, Shingle, Rubber
Foundation:

Heating, Cooling & Utilities

Heating:
Cooling:
Hot Water:
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Sewer:
Energy Features:

Exterior & Lot

Exterior Features:
Patio & Porch:
Fencing:
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Lot Features:
Road Surface:

Parking & Garage

Parking Features:

Location

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Neighborhood

240 Worcester Road, Sterling MA 01564

Sterling, MA 01564

Walkability

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Schools

School information not available

Monthly Payment Calculator

Monthly Payment
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Loan Amount
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After down payment
Total Interest
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Over life of loan
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Including down payment
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Down: $0
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Monthly Payment Breakdown

Principal & Interest $0
Property Tax $508
Homeowners Insurance $200
PMI (if <20% down) $0

Loan Summary

Total of 360 payments $0
Total principal paid $0
Total interest paid $0

Rate Impact

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Payment Over Time

Interest
Principal
Year 1
95% Interest
Year 15
50/50
Year 30
95% Principal
* Estimates only. Actual payments may vary. Consult with a lender for accurate figures.

Property History

Property Timeline

🏠
Listed for Sale
Jun 2, 2025
$799,900
Original listing
Agent: Kelly Espinola Office: Keller Williams Realty-Merrimack

Price & Status History

Date Event Price Change
Jun 2, 2025 New Listing Added $799,900

Market Statistics

Days on Market
189 days
Price per Sq Ft
$—

Tax History

Year Taxes Assessment
2025 $6,090

Financial Details

Annual Property Tax
$6,090
Tax Year 2025

Listing Information

Listing Agent Kelly Espinola
Listing Office Keller Williams Realty-Merrimack
Agent MLS ID G8000504
Office MLS ID G95166
Listing information is deemed reliable but not guaranteed. Data provided by MLS Property Information Network, Inc. All information should be independently verified.

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240 Worcester Road, Sterling MA 01564 - Photo 1 240 Worcester Road, Sterling MA 01564 - Photo 2 240 Worcester Road, Sterling MA 01564 - Photo 3 240 Worcester Road, Sterling MA 01564 - Photo 4 240 Worcester Road, Sterling MA 01564 - Photo 5 240 Worcester Road, Sterling MA 01564 - Photo 6 240 Worcester Road, Sterling MA 01564 - Photo 7 240 Worcester Road, Sterling MA 01564 - Photo 8 240 Worcester Road, Sterling MA 01564 - Photo 9 240 Worcester Road, Sterling MA 01564 - Photo 10 240 Worcester Road, Sterling MA 01564 - Photo 11 240 Worcester Road, Sterling MA 01564 - Photo 12 240 Worcester Road, Sterling MA 01564 - Photo 13 240 Worcester Road, Sterling MA 01564 - Photo 14 240 Worcester Road, Sterling MA 01564 - Photo 15

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