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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Monica Cataluña, CCIM

Monica Cataluña, CCIM

+1(954) 812-1831
$6,000,000
Est. payment /mo
6,869 SqFt
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Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 6,869 sqft

Price per Sqft $873

MLS Listing ID A11967447

HOA Y/N No

Year Built 1960

Annual Tax Amount $12,784

Tax Year 2025

Lot Size 0.492 Acres

Acres 0.492

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

Area 3600

Interior

Flooring Laminate, Marble, Slate

Exterior

Roof Type Other,Shingle

Private Pool Yes

Building

Story 1

Water Well

Level or Stories One

Structure Type Block,Other

Others

Tax ID 504215105000

Ownership Corporation

Security Features Fenced,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

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

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Optimar International Realty

Nearby Locations

Monica Cataluña, CCIM

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL, 33331

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505 SE 16th St