505 SE 16th St, Fort Lauderdale FL 33316 | Broward County | A11967447
- $6,000,000
- Hotel/Motel
- Square Feet
- $6,000,000
Description
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.
Address
Open on Google Maps-
Address: 16th St
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City: Fort Lauderdale
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State/county: Broward County
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Zip/Postal Code: 33316
Details
Updated on March 3, 2026 at 3:34 am-
Property ID A11967447
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Price $6,000,000
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Land Area 0.492 Square Feet
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Year Built 1960
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Type Hotel/Motel
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Property Status Commercial Sale
Additional details
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BuildingAreaTotal 6869
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BuildingAreaUnits Square Feet
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BuildingFeatures Exterior Lighting, Kitchen Facilities, Laundry Facilities
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BusinessType Apartments, Commercial/Residential Income
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ConstructionMaterials Concrete Block Construction, Other
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ContractStatusChangeDate 2026-02-13
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CurrentUse Hotel Non-Waterfront
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DaysOnMarket 17
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DistanceToFreewayNumeric 1
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DocumentsAvailable Aerial Photo(S), Books & Records, Contracts, Deed, Equipment Inventory, Financial Statement
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Electric Other Electric
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ExpirationDate 2027-02-13
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Fencing Fenced
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Flooring Marble/Slate Floors
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Inclusions Building & Land, Furniture, Leases, Equipment, Furniture/Fixtures
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InternetAddressDisplayYN 1
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InternetAutomatedValuationDisplayYN 1
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InternetConsumerCommentYN 1
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InternetEntireListingDisplayYN 1
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LeaseConsideredYN 1
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ListAOR A-Miami Association of REALTORS
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ListAgentDirectPhone 954-235-4046
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ListingTerms Other Lease Terms, All Cash, Conventional/Refinance
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LotFeatures City Location
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LotSizeSquareFeet 21450
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MajorChangeTimestamp February 18, 2026 at 03:57pm
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MajorChangeType New
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MlsStatus Active
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ModificationTimestamp March 2, 2026 at 01:55pm
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NumberOfBuildings 3
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NumberOfUnitsInCommunity 17
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OnMarketDate 2026-02-13
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OriginalEntryTimestamp February 18, 2026 at 03:57pm
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OriginalListPrice 6000000
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OriginatingSystemID miamire
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OriginatingSystemKey miamire
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OriginatingSystemName Miami Association of REALTORS®
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OtherExpense 0
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Ownership Corporation
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ParcelNumber 504215105000
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ParkingFeatures Additional Spaces Available, Common, Free Parking
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PhotosChangeTimestamp March 2, 2026 at 01:57pm
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PhotosCount 93
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PostalCodePlus4 2511
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PriceChangeTimestamp February 18, 2026 at 01:09am
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PublicSurveyRange 50
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PublicSurveySection 15
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PublicSurveyTownship 50
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RoadFrontageType City Street
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Roof Other, Shingle
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SecurityFeatures Smoke Detector(s), Security Fence
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ShowingInstructions 24 Hour Notice, Appointment Only
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SourceSystemKey 426951641
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SpecialListingConditions Sale
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StateOrProvince FL
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StatusChangeTimestamp February 18, 2026 at 03:57pm
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Stories 1
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StoriesTotal 1
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StreetDirPrefix SE
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StreetName 16th St
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StreetNumber 505
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StreetNumberNumeric 505
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StructureType Hotel/Motel, Hotel
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SyndicationRemarks 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.
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TaxAnnualAmount 12784
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TaxLegalDescription CROISSANT PARK 4-28 B LOT 20 BLK 62-L
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TaxYear 2025
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WaterSource Well
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YearBuiltDetails Resale
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Zoning RO
Features
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