505 SE 16th ST, Fort Lauderdale, FL 33316
505 SE 16th ST, Fort Lauderdale, FL 33316
505 SE 16th ST, Fort Lauderdale, FL 33316
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$5,900,000
Est. payment /mo
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6,869 SqFt
Active

505 SE 16th ST Fort Lauderdale, FL 33316

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Bryan Bergstein

Bryan Bergstein

eXp Realty

+1(561) 562-1356

UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 6,869 sqft

Price per Sqft $858

MLS Listing ID A11967447

Construction Status Resale

HOA Y/N No

Year Built 1960

Annual Tax Amount $12,784

Tax Year 2025

Lot Size 0.490 Acres

Acres 0.49

Property Sub-Type Hotel/Motel

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.

Location

State FL

County Broward

Community Laundry Facilities

Area 3800

Zoning RO

Interior

Interior Features InteriorFeatures

Flooring Laminate, Marble, Slate

Fireplace No

Exterior

Parking Features Common, Free Parking

Fence Partial

Community Features Laundry Facilities

Water Access Desc Well

Roof Type Other,Shingle

Road Frontage City Street

Building

Lot Description City Lot, 1/4 to 1/2 Acre Lot

Dwelling Type Hotel/Motel

Building Description Block,Other, Exterior Lighting,Kitchen Facilities

Story 1

Water Well

Structure Type Block,Other

New Construction No

Construction Status Resale

Others

Tax ID 504215105000

Security Features Smoke Detector(s),Security Fence

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11967447

BeachesMLS, Inc. (FLR) IDX
Listed by Rosa Poler Optimar International Realty

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Bryan Bergstein

Bryan Bergstein

Team Leader | License ID: 3652438

+1(561) 562-1356

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505 SE 16th ST