For Sale
$844,900

240 Worcester RdSterling, MA 01564

Historic Hotel & Mixed-Use Land

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional redevelopment opportunity encompasses two parcels at 240 and 223 Worcester Rd, Sterling, MA (01564), totaling 5.3 acres. The property includes a historic two-story, 11,934 square foot hotel built in 1908, situated near Mt. Wachusett. The asking price is $844,900, translating to $70.80 per square foot. The property is legally conforming and offers diverse development potential. Existing documentation includes perk testing and cost estimates for townhome conversion. The 3.7-acre parcel at 223 Worcester Rd. presents further mixed-use development possibilities, allowing for the creation of additional townhomes and retail space. This unique offering allows for the restoration of the existing hotel or conversion into townhomes/condominiums, maximizing the potential of both parcels. The property is zoned for mixed-use development.

Highlights

  • $844,900 asking price for a redevelopment opportunity.
  • 11,934 square feet, 2-story building on a 5.3-acre lot.
  • $70.80 price per square foot.
  • Built in 1908, legally conforming zoning.
  • Located at 240 & 223 Worcester Rd, Sterling, MA 01564.
  • Includes a historic hotel and adjacent 3.7-acre mixed-use parcel.

Property Details for 240 Worcester Rd

Property type
Mixed-use properties, Land
Square Feet
11,934 SF
Year Built
1908
Buildings
1
Stories
2
Lot Size (sq. ft)
230,868 SF

Location Insight

City
Sterling
County
Worcester
State
Massachusetts
Latitude
42.43384325
Longitude
-71.76364451
240 Worcester Rd, Sterling, Massachusetts

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240 Worcester Rd
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