Commercial Real Estate

CommercialSaleHotelMotelFLFort Lauderdale505, 16th St, Fort Lauderdale, FL, 33316

505 SE 16th St

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

    • Category:
    • Type:
    • Status:
    • Bathrooms: 0
    • Floors: 1
    • Lot size: 21450, 21450 sq ft
    • Year built: 1960
    • County: Broward
    • Lease Term: Other
    • MLS ID: A11967447

    Description

    • Description:

      CROISSANT PARK 4-28 B LOT 20 BLK 62-L 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.

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    Location

    • Lot Size Acres: 0.492 acres

    Building Details

    • Structure Type: Apartment
    • Water Source: Well
    • Construction Materials: Block,Other
    • Covered Spaces: 0
    • Levels: One
    • Number Of Buildings: 3
    • Floor covering: , ,

    Amenities & Features

    • Parking Features: Common,FreeParking
    • Security Features: Fenced,SmokeDetectors
    • Roof: Other,Shingle
    • Electric: Other

    Expenses, Fees & Taxes

    • Tax Annual Amount: $12,784
    • Tax Year: 2025

    Miscellaneous

    • List Office Name: Optimar International Realty
    • Listing Terms: Cash,Conventional

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    This -type commercial real estate is located in 505, 16th St, Fort Lauderdale, FL, 33316 was built in 1960, and is listed at $6,000,000.

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