505 SE 16th St
505, 16th St, Fort Lauderdale, FL, 33316Basics
- Category: CommercialSale
- Type: HotelMotel
- Status: Active
- Bathrooms: 0
- Floors: 1
- Lot size: 21450, 21450 sq ft
- Year built: 1960
- County: Broward
- Lease Term: Other
- MLS ID: A11967447
Description
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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
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
Ask our real estate expert about this property
This HotelMotel-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.