2311 Boston Post Rd
Guilford, CT 06437
Westwoods Plaza Redevelopment Opportunity · Retail Property For Sale

Northeast Private Client Group is pleased to present Westwoods Plaza, a fully leased commercial retail plaza located in Guilford, CT. The property is being sold with approvals for the construction of eight (8) one-bedroom apartments on the second floor. It is also approved, by right, for 8,000 square feet of medical office space on the second floor. The opportunity exists for a buyer to build either the apartments or medical office space while collecting the income from the first floor tenants. A buyer will have the ability to cover the carrying costs of the property while completing the second-floor construction. The end result is a mixed-use property on a major retail corridor in an affluent community. Guilford has dearth of multifamily properties and quality apartments are in high demand. Comparable new one-bedroom apartments on Boston Post Road rent for over $1,300 per month. Guilford is also home to the Yale New Haven Shoreline Medical Center. Medical office space is also in high demand for the area and can rent for $20/SF per year.