505 SE 16th St
$6,000,000
505 SE 16th St, Fort Lauderdale, FL 33316
6,869 sqft
Building Size
17
Keys
Details:
Highlights:
- Lot Features: City Location
- Building Features: Exterior Lighting, Kitchen Facilities, Laundry Facilities
- Number Of Buildings: 3
- Documents Available: Aerial Photo(S), Books & Records, Contracts, Deed, Equipment Inventory, Financial Statement
- Electric: Other Electric
- Flooring: Marble/Slate Floors
- Construction Materials: Concrete Block Construction, Other
- Parking Features: Additional Spaces Available, Common, Free Parking
- Security Features: Smoke Detector(s), Security Fence
- Ownership: Corporation
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
Gallery
