505 NORTH MAIN ST
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Location
505 NORTH MAIN ST
Mblu
122/ / 053/ /
Acct#
3886
Owner
AFN ABSPROP001 LLC
Assessed
$10,737,010
Appraisal
$15,338,600
PID
12552
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$8,207,600$7,131,000$15,338,600
Assessment
Valuation YearImprovementsLandTotal
2025$5,745,310$4,991,700$10,737,010

Owner of Record
OwnerAFN ABSPROP001 LLC
Co-Owner
Address38 WASHINGTON SQUARE
NEWPORT, RI 02840
Sale Price$0
Certificate
Book & Page 1633/497
Sale Date07/09/2025
Instrument29

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
AFN ABSPROP001 LLC$0 1633/4972907/09/2025
ARC HR5SOCT001 LLC$0 1315/04263405/19/2014
INLAND AMERICAN SOUTHINGTON L L C$18,889,948 1059/00830006/12/2006
CE SOUTHINGTON 2001 LLC$13,442,956 0821/03912501/02/2002

Building Information
Building 1 : Section 1
Year Built: 1993
Living Area: 76,113
Building Percent Good: 85
Building Attributes
FieldDescription
Style:Supermarket
ModelInd/Comm
GradeB+
Stories:1
Occupancy1.00
Exterior Wall 1Concr/Cinder
Exterior Wall 2 
Roof StructureFlat
Roof CoverTin
Interior Wall 1Average
Interior Wall 2 
Interior Floor 1Average
Interior Floor 2 
Heating FuelTypical
Heating TypeForced Hot Air
AC TypeCentral
Bldg UseSupermarket
Total Bedrooms 
Total Baths 
Wet Sprinkler100
Dry Sprinkler0
1st Floor Use: 
Heat/ACHeat/AC Pkgs
Frame TypeFireprf Steel
Baths/PlumbingAverage
Ceiling/WallTypical
Rooms/PrtnsAverage
Wall Height10.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 63,290 63,290
MEZMezzinine 12,823 12,823
CANCanopy 1,708 0
OLPOpen Loading Plaform 603 0
   78,424 76,113

Extra Features
Extra Features
CodeDescriptionSizeBldg #
ATM1Automated Teller1.00 Units1
SPR1Sprinklers-Wet76113.00 S.F.1

Land
Land Use
Use Code324
DescriptionSupermarket  
ZoneR-20/25
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)18.68
Depth

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeBldg #
FN1Fence - Chain  2000.00 L.F.1
PAV1PavingASAsphalt136500.00 S.F.1
LT22 Lights w/PL  3.00 Units1
LT22 Lights w/PL  10.00 Units1
ECSElectric Charging Station OUTDOOR2.00 Units1
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$8,207,600$7,131,000$15,338,600
2024$5,709,240$3,351,000$9,060,240
2023$5,709,240$3,351,000$9,060,240
2022$5,709,240$3,351,000$9,060,240
2021$5,709,240$3,351,000$9,060,240

Assessment
Valuation YearImprovementsLandTotal
2025$5,745,310$4,991,700$10,737,010
2024$3,996,470$2,345,700$6,342,170
2023$3,996,470$2,345,700$6,342,170
2022$3,996,470$2,345,700$6,342,170
2021$3,996,470$2,345,700$6,342,170

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