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505 SE 16th St, Fort Lauderdale FL 33316

Commercial For Sale
$6,000,000

BTC: 93.75000000

ETH: 3,436.42611684

105 days
0 room(s)

Overview

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

Florida • Fort Lauderdale • 33316 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
Additional Spaces Available / Common / Free Parking
Year Built:
1960
Lot:
0.49 Acres
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,900,000
$1.8M – $5.0M
Confidence Low
List vs. estimate
$3.1M above estimate
List $6,000,000 · +106.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
5 MLS comparables
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$12,784
2025
All facts and features

  • Flooring

    • Marble/Slate Floors

  • Parking

    • Additional Spaces Available

    • Common

    • Free Parking

    Lot

    • Lot: 0.49 Acres

    Other Property Information

    • Parcel Number: 504215105000

    • Zoning: RO

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Hotel/Motel

  • Other financial information

    • Annual tax amount: $12,784

  • Source details

    • MLS ID: A11967447

    Other facts

    • Construction Materials: Concrete Block Construction / Other

    • Lot Features: City Location

    • Water Source: Well

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33316
124
median $865K
Active
Same city
Fort Lauderdale
1,041
median $675K
Active
Same type
Commercial
76
median $1.2M
Active
Similar price
$4.2M – $7.8M
34
median $5.1M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Optimar International Realty