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About This Home
This 0-bedroom, 0-bathroom commercial at 505 SE 16th St in Fort Lauderdale, FL is listed for $6,000,000. Built in 1960, on a 0.49 acres lot.
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.
Key Features
- Built in 1960
- 0.49 acre lot
Property Details
Monthly Cost Estimate
$32,089/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
505 SE 16th St
Fort Lauderdale, FL 33316
Property Details
Flooring
Construction
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 505 SE 16th St is listed at $6,000,000. The estimated monthly payment is $26,000 based on 20% down at 6.5% interest.
Key features include: Built in 1960, 0.49 acre lot.
This property is listed by Rosa Poler and can be reached at 9542354046 or rosapoler@hotmail.com.
