No photos available
Offered at
$6,000,000
505 SE 16th Street, Fort Lauderdale, FL 33316
- 0
- Beds
- 0
- Full Baths
- 6,869
- Sq.Ft.
Listing courtesy of Rosa Poler, Optimar International Realty
Property 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.
Overview
At a glance
- Property Type
- Commercial Sale
- Property Sub-Type
- Hotel/Motel
- Address
- 505 SE 16th Street, Fort Lauderdale, FL 33316
- Zoning
- RO
- MLS ID
- A11967447
- Listing Date
- 2026-02-13
- Last Updated
- 5/4/2026, 5:08:44 AM
- Days on Market
- 118
Features & Amenities
The Details
Interior
- Flooring
- Laminate, Marble, Slate
Exterior
- Construction
- Block, Other
- Parking
- Common, Free
- Water Source
- Well
- Security
- Smoke Detector(s), Security Fence
Details
- Building Area
- 6,869 sq.ft.
- Lot Size
- 21,450 sq.ft.
- Lot Size (Acres)
- 0.492 acres
- Stories
- 1
- Year Built
- 1960
- County
- Broward
- Zoning
- RO
Financial
- List Price
- $6,000,000
- Original List Price
- $6,000,000
- Annual Tax
- $12,784/yr
- Tax Year
- 2025
Location
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Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.