Property 505 SE 16th Street, Fort Lauderdale, FL 33316 for sale with MLS# A11967447
THE LAUDERDALE BOUTIQUE HOTEL | 17-Unit Turn-Key Investment | $6,000,000. Fully upgraded boutique hotel at SE 16th St, Fort Lauderdale - 17 designer units across three contiguous lots (21,450 SF) with RO zoning allowing 5-story development. FINANCIALS: Revenue $830K, $372K NOI (44.6% margin) third-party managed or $461K NOI (7.7% cap) owner-operated. Stabilized 80%+ occupancy, $159 ADR. $600K+ in capital improvements (2023) including smart locks, fiber Wi-Fi, 55" casting TVs. TECH-DRIVEN OPERATIONS: Fully automated - no front desk or full-time staff required. Guesty PMS, PricePoint dynamic pricing (+12% RevPAR), Conduit AI (90% inquiry resolution, support costs cut from $4K to $600/mo), SiteMinder distribution. Entire operation manageable remotely. ROOM MIX: 5 Queen Studios, 4 King Studios, 5 Junior Suites, 3 Two-Bedroom Suites - serving medical travelers, business guests, and leisure visitors. LOCATION: 2 min from Broward Health (716 beds), walking distance to $1.2B Convention Center expansion, <10 min to FLL Airport and Port Everglades (4.7M cruise passengers). Adjacent to $3B+ development corridor (Pier Sixty-Six, Bahia Mar). EXPANSION: Lot 505 is 70% undeveloped - pool/amenity deck, co-working conversion, or 8-12 unit vertical addition.Offered with all technology, furnishings, and systems in place. Ideal for portfolio operators, multifamily investors seeking hospitality yields, or local owner-operators.
505 SE 16th Street, Fort Lauderdale, FL 33316
- Price:
- $5,900,000.00
- Original List Price:
- $6,000,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $858.93
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Hotel/motel
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- August 5, 2026 2:37 pm
- Built-Up Area:
- 6,869 Sqft
- Lot Size Acres:
- 0.492
- Security:
- Smoke Detector(s), Security Fence
- Building:
- Exterior Lighting, Kitchen Facilities, Fenced Area, Laundry Facilities
- Year Built:
- 1960
- Roof:
- Shingle, Other
- Number of Buildings:
- 3
- Number of Units Total:
- 4
- Construction Materials:
- Block, Other
- Flooring:
- Marble, Laminate, Slate
- Number of stories:
- 1
- Structure Type:
- Hotel/motel
- Road Frontage Type:
- City Street
- Flood Zone Code:
- AE,X
- Property Condition:
- Resale
- Tax Annual Amount:
- $12,784.00
- Tax Year:
- 2025
- Parking Features:
- Common, Free
- Electric:
- Other
- Water Source:
- Well
- Senior Community:
- No
- Documents Available:
- Deed, Contracts, Aerial Photo(s), Books & Records, Financial Statement, Equipment Inventory
- Listing Terms Considered by Seller:
- Cash, Conventional
- Buyer Possession:
- Close Of Escrow
- Tax Legal Description:
- CROISSANT PARK 4-28 B LOT 20 BLK 62-L
- Real Estate Folio Number (Parcel Number):
- 504215105000
- Zoning:
- RO
- Active on the market since:
- February 13, 2026
- Listing Agreement executed on:
- February 13, 2026
- Price change occurred on:
- August 5, 2026 2:37 pm
- Listing Status Last Changed On:
- February 13, 2026 5:00 am
- Photos updated on:
- August 5, 2026 1:41 pm
- Last Modified:
- August 5, 2026 1:47 pm
- Courtesy of:
- Optimar International Realty
- Attribution:
- Not provided
- Street Name:
- 16th
- Street Number:
- 505
- City:
- Fort Lauderdale
- State:
- Florida
- Zip Code:
- 33316
- County:
- Broward
- Latitude:
- N26° 6' 5.1''
- Longitude:
- W81° 51' 45''
- Street Suffix:
- Street
- Street Direction Prefix:
- SE
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Ver la propiedad 505 SE 16th Street, Fort Lauderdale, FL 33316
