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240 Worcester Road, Sterling MA 01564

Sterling, MA 01564
$799,900
$799,000
Est. $4,748/month
5.30
Acres
1908
Year Built
403
Days on Market
Active Price Drop -$900 Listed Jun 2, 2025 • MLS# 73383543 Copied! • Updated Jun 21, 2026

About this home

A Fantastic Development Opportunity Awaits! A 40B project would be ideal. 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. Just minutes from hiking, skiing, and outdoor adventure, this location combines small-town charm with big development potential.

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Recently Sold Nearby

Property History

Market Insights

2
Price Changes
37.5%
Price Range

Property Timeline

Price Increased
Jun 17, 2026
$799,000 +$299,000 (+59.8%)
From $500,000 to $799,000 (+59.8%)
👤
Agent Changed
Jun 8, 2026
Kelly Espinola → The Espinola Group
Agent: The Espinola Group
Price Reduced
Mar 2, 2026
$500,000 $299,900 (-37.49%)
From $799,900 to $500,000 (-37.5%)
🏠
Listed for Sale
Jun 2, 2025
$799,900
Original listing
Agent: Kelly Espinola Office: Keller Williams Realty-Merrimack

Tax History

Year Taxes Assessment
2025 $6,090

Financial Details

Annual Property Tax
$6,090
Tax Year 2025

Facts & Features

Home Facts

Type Commercial Sale
Year Built 1908
Lot Size 5.30 acres
Heating None
Cooling None
Flooring None
Appliances None
Fireplace None
Basement None
Laundry None
Features None
Construction None
Architecture None
Roof Asphalt/composition Shingles, Shingle, Rubber
Features None
Pool None
Spa None
Fencing None
Patio/Porch None
Features None

Utilities

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

Financial

Annual Tax $6,090
Fee Includes None
Amenities None
Optional Fee Includes None
Seller Disclosures None
Possession None
Accepted Financing None
Structure Type []
Documents None
County Worcester

Property Overview

Listing Type
Commercial Sale
Year Built
1908

Room Details

Other Floor

Bathroom1
Bedroom5
Bedroom4
Bedroom3
Dining Room
Kitchen
Bathroom2
Bedroom2
Living Room
Bathroom3
Master Bedroom
Office
Family Room
Master Bathroom

Interior Features

Flooring:
Appliances:
Interior Features:
Windows:
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:
Water Source:
Sewer:
Energy Features:

Exterior & Lot

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

Parking & Garage

Parking Features:
School District
Wachusett School District local
School Safety 2024-25
1.0% Low
0.8% Suspensions 0.4% In-School 0.2% Emergency
4.5% below state avg
E

Elementary Schools

3 schools
B
Houghton Elementary School
1.6 mi | #348 of 824 | Score: 49.2
Dropped 163 spots from last year
-9 below state avg
317 students Moderate
Grades K-04
Sterling Nursery School
1.8 mi
Grades PK-01
South Lancaster Academy
4.0 mi
Grades PK-12
M

Middle Schools

3 schools
B+
Chocksett Middle School
1.6 mi | #131 of 352 | Score: 46.3
Dropped 54 spots from last year
-11.9 below state avg
264 students Moderate
Grades 05-08
C+
Clinton Middle School
3.6 mi | #249 of 352 | Score: 36.2
Dropped 63 spots from last year
-22.1 below state avg
573 students Diverse
Strong Attendance
Grades 05-08
B-
Samoset School
4.3 mi | #207 of 352 | Score: 40.0
Improved 13 spots from last year
-18.2 below state avg
495 students Diverse
Diverse Student Body
Grades 06-08
H

High Schools

3 schools
C+
Clinton Senior High School
3.6 mi | #237 of 346 | Score: 47.5
Dropped 73 spots from last year
-10.7 below state avg
582 students Diverse
15 sports • 890 athletes
College Ready Curriculum Strong Athletics
Grades PK-12
Trivium School
4.3 mi
6 sports • 228 athletes
Grades 07-12
A-
West Boylston Junior/Senior High School
4.4 mi | #101 of 346 | Score: 60.0
Dropped 38 spots from last year
+1.8 above state avg
461 students Moderate
Strong AP Program College Ready Curriculum
Grades 06-12
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Monthly Payment Calculator

Monthly Payment
$0
Principal, interest, taxes & insurance
Loan Amount
$0
After down payment
Total Interest
$0
Over life of loan
Total Cost
$0
Including down payment
%
Down: $0
%

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

-0.5% Rate
$0/mo
Save $0/mo
Current Rate
$0/mo
+0.5% Rate
$0/mo
Cost $0/mo

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.

Location

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Neighborhood

240 Worcester Road, Sterling MA 01564

Sterling, MA 01564

Listing Information

Listing Agent The Espinola Group
Listing Office Keller Williams Realty-Merrimack
Office Phone 978-692-3280
Agent MLS ID TM363470
Office MLS ID G95166
Listing Data Updated Jun 21, 2026 4:05 AM EDT
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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