240 Worcester Road Sterling, MA $ 844,900
240 Worcester Road
$ 844,900
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240 Worcester Road

Sterling, MA, 01564
$ 844,900
Baths0.0

Monthly Estimate*

$ 5,615

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Studio

Commercial Property for sale in Sterling, MA

for $844,900. This building was built in 1908 on a lot size of 5.3.

A Fantastic Development Opportunity Awaits!! The historic Sterling Inn is located near the foot of Mt. Wachusett sitting on 1.6 acres of land and almost 12k square feet of interior space. The land located at 223 Worcester Road consists of 3.7 acres of mixed use land. 240 and 223 Worcester Road are both on the same deed attached to MLS for reference. Various documents in hand including, perk testing and estimated costs for conversion and development of townhomes. Whether you restore the existing facility or convert to Townhomes / Condos, and/or leverage the mixed-use lot at 223 Worcester Rd to build additional townhomes and retail space, the possibilities for this property are endless!

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Commercial Active

Price

$ 844,900

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 3,315

Style

Lot Size

5.3

Year Built

1908

Town/City

Sterling

County/Region

Worcester

MLS | Web ID

73171928

List By
Kelly Espinola

Listing Agent

Keller Williams Realty-Merrimack

Broker

Affordability Calculator

$5,892
Per Month
95%
5%
0%
Monthly Principal & Interest
$5,615
Monthly Property Taxes
$276
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Pricing History
DatePricePrice ChangeDescription
3/26/2024$844,900 -0.59% Price Down
10/19/2023$849,900 Listed Price

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240 Worcester Road, Sterling, MA, 01564 is a Commercial Property for sale at $844,900 with a lot size of 5.3. 240 Worcester Road is a studio with 0.0 baths and was built in 1908. The property's zip code is 01564 which is in Sterling, MA