Naugatuck Purchases Former Downtown Bank Branch For $1.1 Million

NAUGATUCK, CT — A former Bank of America branch in the downtown area of Naugatuck has sold for $1.1 million.

The property, located at 275 Church Street, was sold to the borough of Naugatuck by New England Retail Properties, Inc., according to a news release provided by the brokerage company.

The former bank branch, constructed in 1975, consisted of a freestanding 5,060-square-foot facility on 1.13 acres in downtown Naugatuck.

New England Retail Properties, Inc. president Matt Halprin and associate Ryan Mendez were the exclusive brokers for the sellers, Spelke Family LLC of Stamford.

Mayor Pete Hess handled the negotiations for the borough.