505 SE 16th St,Fort Lauderdale, FL 33316
Fort Lauderdale, FL 33316
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.
Details
| MLS # | A11967447 |
|---|---|
| Listing Type | For Sale |
| Style | Hotelmotel |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 234 |
| Listing Provided By | Optimar International Realty | Rosa Poler |
Features
| SQ Feet | 6,869 |
|---|---|
| Story(s) | 1 |
| Units | 17 |
| Building(s) | 3 |
| Zoning | RO |
| Acreage | 0.49 |
Parking
| Parking Features | Common, Free Parking |
|---|
Taxes
| Tax Annual Amount | 12784 |
|---|
Area Information
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33316 |
| Area | 3800 |
| Listing VS Median (in 33316) | |
Price: $5,600,000 low | high Med: $395,000 sqft: 6,869 low | high Med: 1,250 $ / sqft: $815 low | high Med: $316 On site: 234 low | high Med: 186 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | FL |
|---|---|
| County | Broward |
| City | Fort Lauderdale |
| Zip Code | 33316 |
| Area | 3800 |
| Listing VS Median (in 33316) | |
Price: $5,600,000 low | high Med: $395,000 sqft: 6,869 low | high Med: 1,250 $ / sqft: $815 low | high Med: $316 On site: 234 low | high Med: 186 | |
