505 SOUTH EAST 16TH ST, Fort Lauderdale
$6,000,000 USD
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| Address | 505 SOUTH EAST 16TH ST, Fort Lauderdale |
| Type of Property | Hotel / Motel |
| Type of Business | Apartments, Commercial / Residential Income |
| Business Location | City Location |
| Property Style | Hotel Non-Waterfront |
| Price | $6,000,000 |
| Property Status | Active |
| MLS Number | A11967447 |
| Property Size | 21450 |
| Lot Size | 21450 |
| Year Built | 1960 |
| Folio Number | 504215105000 |
| Zoning Information | RO |
| Days on Market | 45 |
Detailed 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 sq.ft) 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 C
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Address Information
| State | Florida |
| City | Fort Lauderdale |
| County | Broward County |
| Zip Code | 33316 |
| Address | 505 SOUTH EAST 16TH ST |
| Business Location | City Location |
| Section | 15 |
| Zip Code (4 Digits) | 2511 |
Financial Information
| Price | $6,000,000 |
| Price per Foot | $0 |
| Folio Number | 504215105000 |
| Tax Amount | $12,784 |
| Tax Year | 2025 |
Full Descriptions
| Detailed 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 sq.ft) 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 C |
| Year Built Description | Resale |
| Roof Description | Other, Shingle |
| Floor Description | Marble / Slate Floors |
| Water Description | Well |
| Parking Description | Additional Spaces Available, Common, Free Parking |
Property parameters
| Living Area | 21450 |
| Lot Size | 21450 |
| Total Acreage | 0.492 |
| Zoning Information | RO |
| Maximum Leasable Size | 21450 |
| Year Built | 1960 |
| Type of Property | Hotel / Motel |
| Type of Business | Apartments, Commercial / Residential Income |
| Style | Hotel Non-Waterfront |
| Construction Type | Concrete Block Construction,Other |
| Stories Number | 1 |
| Street Direction | South East |
| Listed with | Optimar International Realty |