505 SE 16th Street, Fort Lauderdale, FL 33316
$5,600,000
Property Type:
Commercial Sale
Square Footage:
6,869
Status:
Active
Current Price:
$5,600,000
List Date:
2/13/2026
Last Modified:
9/16/2026
Overview
Description
...
(Read more)
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.
Listing Details MLS# A11967447
General Property Information
- Number Of Buildings
- 3
- Property Sub Type
- Hotel/Motel
- Number Of Units Total
- 4
- Price Per Unit
- 353000
- Occupant Type
- Call Listing Agent
- Building Area Main
- 6869
- Year Built
- 1960
- Lot Size Area
- 21450
- Lot Size Acres
- 0.49
- Stories Total
- Yes
Property Features
Building Features:
Exterior Lighting; Fenced Area; Kitchen Facilities; Laundry Facilities
Ceiling:
Ceiling Height Varies
Documents Available:
Aerial Photo(s); Books & Records; Contracts; Deed; Equipment Inventory; Financial Statement
Electric:
Other
Flooring:
Laminate; Marble; Slate
Location of Property:
City Location
Parking Features:
Common; Free
Possession:
Close Of Escrow
Property Condition:
Resale
Sale Includes:
Building; Furniture; Land; Leases; Machinery
Construction Materials:
Block; Other
Listing Terms:
Cash; Conventional
Road Frontage Type:
City Street
Roof:
Shingle; Other
Security Features:
Security Fence; Smoke Detector(s)
Structure Type:
Hotel/Motel
Water Source:
Well
Showing Requirements:
24 Hour Notice; Appointment Only
Acreage Description:
1/4 To Less Than 1/2 Acre Lot
Contract Information
- Comp Sale YN
- No
- Original List Price
- 6000000
Location and Legal
- Country
- United States
- County Or Parish
- Broward
- County Parish Name
- Broward
- Street Number
- 505
- Street Direction Prefix
- SE
- Street Name
- 16th
- Street Suffix
- Street
- City Name
- Fort Lauderdale
- Municipal Code
- 28
- State Or Province
- FL
- Postal Code
- 33316
- Postal Code +4
- 2511
- Area
- 3800
- Geographic Area
- FTSE - Ft Lauderdale SE (3280-3282;3600;3800)
- Parcel Number
- 504215105000
- Subdivision Number
- 10
- Multiple Offers Accepted
- Yes
- Zoning
- RO
- Flood Zone
- AE,X
- Property Description
- Boutique Hotel
Financial Information
- Tax Annual Amount
- 12784
- Tax Year
- 2025
- Tax Legal Description
- CROISSANT PARK 4-28 B LOT 20 BLK 62-L
Status Change Information
- Major Change Timestamp
- 2026-09-16T21:12:00Z
- Major Change Type
- Price Reduced
- Price Change Timestamp
- 2026-09-16T21:12:00Z
- Status Change Date
- 2026-02-18
More Information
Building and Property Details
- # Of Toilets
- 19
- % Air Conditioned
- 100
- Improvement Height
- 1 Story
- Year Of Addition
- 2023
Distance To Information
- Miles to Beach
- 2
- Miles to Expressway
- Yes
Meter Information
- Number Of Meters Total
- Yes
Short Sale Details
- Short Sale Addendum
- No
Income and Expenses
- Occupancy Percentage
- 80
Description of Unit Type 1
- Unit Type
- Hotel Room(s)
- Units Total
- 5
- Furnished
- Yes
- Seasonal Rent
- 300
Description of Unit Type 2
- Unit Type
- Hotel Room(s)
- Units Total
- 5
- Furnished
- Yes
- Seasonal Rent
- 200
Description of Unit Type 3
- Unit Type
- Hotel Room(s)
- Units Total
- 4
- Furnished
- Yes
- Seasonal Rent
- 300
Description of Unit Type 4
- Unit Type
- Hotel Room(s)
- Units Total
- 4
- Furnished
- Yes
- Seasonal Rent
- 200
Description of Unit Type 5
- Unit Type
- Suite(s)
- Units Total
- 5
- Furnished
- Yes
- Seasonal Rent
- 400
Description of Unit Type 6
- Unit Type
- Suite(s)
- Units Total
- 5
- Furnished
- Yes
- Seasonal Rent
- 300
Description of Unit Type 7
- Unit Type
- 2 Bedroom
- Units Total
- 3
- Furnished
- Yes
- Seasonal Rent
- 500
Price Calculations
- Current Price To SqFt
- 815.25
Section Details
- Parcel Number MLX
- 5000
Originating Details
- Originating System Key
- 426951641
- Originating System ID
- M00000151
Listing Office:
Optimar International Realty
Last Updated: September - 16 - 2026
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