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505 SE 16th St Fort Lauderdale, FL $ 6,000,000
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505 SE 16th St
$ 6,000,000
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505 SE 16th St

Fort Lauderdale, FL, 33316
$ 6,000,000
Bedrooms5 Baths-- Sq 6,869

Monthly Estimate*

$ 36,943

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Commercial Property for sale in Fort Lauderdale, FL

for $6,000,000 with 5 bedrooms. This 6,869 square foot building was built in 1960 on a lot size of 0.492.

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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Commercial Active

Price

$ 6,000,000

Bedrooms

5

Property Type

Commercial

Taxes

$ 12,784

Style

Lot Size

0.492

Year Built

1960

Town/City

Fort Lauderdale

County/Region

Broward

MLS | Web ID

A11967447
Features
General
Possession Close Of Escrow
Roof Other Shingle
Security Features Fenced Smoke Detector(s)
Construction Materials Block Other
Year Built 1960
Electric Other
Stories Count 1
Levels One
Property Subtype Hotel/Motel
Tax Year 2025
Ownership Corporation
County Broward
Property Type Commercial Sale
Full Baths 0
Status Active
City Fort Lauderdale
Zoning Description RO
Number Of Units Total 17
MLS Area 3600
Lot Size Units Square Feet
Lot Size Square Feet 21450
Listing Terms Cash Conventional
Year Built Details Resale
Tax Annual Amount 12784
Ok to Lease Other
Lease Considered Y/N false
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11967447
Structure Type Apartment
Standard Status Active
Occupancy Type Call Agent
Legal Description CROISSANT PARK 4-28 B LOT 20 BLK 62-L
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Interior
Flooring Laminate Marble Slate
Total Bedrooms 5
Total Baths 0
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Exterior
Parking Features Common Free Parking
Water Source Well
Lot Size Area 21450
Number of Buildings 3
Building Area Total 6869
Lot Size Acres 0.492
Waterfront Y/N false
Covered Spaces 0
Number of Separate Electric Meters 1
Road Frontage Type City Street
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* Excluded Features
List By
Optimar International Realty

Broker

rosapoler@hotmail.com

Email

Affordability Calculator

$38,008
Per Month
97%
3%
0%
Monthly Principal & Interest
$36,943
Monthly Property Taxes
$1,065
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
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Pricing History
Date Price Price Change Description
2/18/2026 $6,000,000 Listed Price

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505 SE 16th St, Fort Lauderdale, FL, 33316 is a Commercial Property for sale at $6,000,000 with 6,869 sqft and a lot size of 0.492. 505 SE 16th St has 5 bedroomsThe property's zip code is 33316 which is in Fort Lauderdale, FL

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