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Pinnacle Real Estate Group – FL

505 SE 16th Street, Fort Lauderdale, FL 33316 (MLS# A11967447)

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

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 C ...

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
IDX
Listing Office: Optimar International Realty
Last Updated: September - 16 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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