505 SE 16th St, Fort Lauderdale FL 33316

505 16th St, Fort Lauderdale, FL, 33316
$6,000,000

Basics

Date added Added 2 days ago Category Type Status
Lot size, sq ft 21450 sq ft Year built 1960 ListOfficeName Optimar International Realty ListAOR Miami Association of REALTORS®
MLS ID A11967447

Description

  • 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.

Location

  • CountyOrParish: Broward County

Building Details

Amenities & Features

  • Security Features: Smoke Detector(s), Security Fence
  • Waterfront available: No
  • GarageYN: No
  • AttachedGarageYN: No
  • CoolingYN: No
  • PoolPrivateYN: No
  • FireplaceYN: No

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This style property is located in Fort Lauderdale is currently and has been listed on Igor Presman Commercial Real Estate. This property is listed at $6,000,000. It has bedrooms, bathrooms, and is . The property was built in 1960 year.

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