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505 Se 16th St, Fort Lauderdale, FL 33316

$5,600,000

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List Price: $5,600,000
Price Change: ▼ $300,000 1789608117
MLS#: A11967447
Lot Size: 21,450
Subtype: Hotel/Motel
County: Broward
Community: Not Found
Year Built: 1960

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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.

954-557-5993

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Additional Information

Status Label: ACTIVE
Total Unitsin Complex: 17
Boat Service: Building & Land, Furniture, Leases, Equipment, Furniture/Fixtures
Construction: Concrete Block Construction, Other
Flooring: Marble/Slate Floors
Lot Description: City Location
Parking: Additional Spaces Available, Common, Free Parking
Roof: Other, Shingle
Security: Smoke Detector(s), Security Fence
Taxes: $12,784
Total Floors: 1
Stories: 1
Roofing: Other, Shingle
Acres: 0.49
Boat Services: Building & Land, Furniture, Leases, Equipment, Furniture/Fixtures