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505 SE 16th Street, Fort Lauderdale, FL 33316
505 SE 16th Street, Fort Lauderdale, FL 33316
505 SE 16th Street, Fort Lauderdale, FL 33316
505 SE 16th Street, Fort Lauderdale, FL 33316
505 SE 16th Street, Fort Lauderdale, FL 33316
181 More
505 SE 16th Street, Fort Lauderdale, FL 33316
  • Property Type
  • Hotel/Motel
  • 0.49 Sq Ft
  • Land Area
  • Array
  • Property ID
  • 1960
  • Year Built
Commercial Sale Active
505 SE 16th Street, Fort Lauderdale, FL 33316
  • $5,900,000

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: Array
  • City: Fort Lauderdale
  • State/county: Broward
  • Zip/Postal Code: Array
  • Area: Fort Lauderdale

Details

Updated on August 27, 2026 at 12:50 am
  • Property ID Array
  • Price $5,900,000
  • Land Area 0.49 Sq Ft
  • Year Built 1960
  • Property Type Hotel/Motel
  • Property Status Commercial Sale

Additional details

  • Building Area Total 6869
  • Building Features Exterior Lighting, Kitchen Facilities
  • Community Features Laundry Facilities
  • Days On Market 194
  • DistanceToFreewayNumeric 1
  • Documents Available Aerial, Contract(s), Deed, Financials, Inventory
  • Electric Other
  • Fencing Partial
  • Flooring Laminate, Marble, Slate
  • Internet Automated Valuation Display YN 1
  • Listing Terms Cash, Conventional
  • Lot Features City Lot, 1/4 to 1/2 Acre Lot
  • Lot Size Area 21450
  • MLSAreaMinor FTSE - Ft Lauderdale SE (3280-3282;3600;3800)
  • Mobile Dim Units Feet
  • NumberOfBuildings 3
  • NumberOfUnitsTotal 4
  • Occupant Type Call Agent
  • Ownership Type Corporation
  • Parking Features Common, Free Parking
  • Possession Close Of Escrow
  • Property Condition Resale
  • PublicSurveyTownship 28
  • RoadFrontageType City Street
  • Security Features Smoke Detector(s), Security Fence
  • Street Suffix Street
  • Tax Annual Amount 12784
  • VideosChangeTimestamp 2026-08-26T23:01:38.500-00:00
  • Water Source Well
  • Zoning RO

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