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.
- Security
- Parking Features
- Roof:
- Shingle, Other
- State:
- FL
- County:
- Broward
- City:
- Fort Lauderdale
- Zipcode:
- 33316
- Street:
- 505 Se 16th St, Fort Lauderdale, Florida 33316
- Longitude:
- W81° 51' 43.8''
- Latitude:
- N26° 6' 7.8''
- Building Area:
- 6,869 Sqft
- Construction Materials:
- Block, Other
- Cumulative DOM:
- 17
- DOM:
- 17
- Electric
- Flooring:
- Laminate, Marble, Slate
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Lease Term:
- Other
- Listing Terms:
- Cash, Conventional
- Parcel Number:
- 504215105000
- Structure Type:
- Apartment
- Tax Annual Amount:
- $12,784
- Tax Year:
- 2025
- Virtual Tour:
- Click Here
Commercial Sale For Sale
505 Se 16th St, Fort Lauderdale, Florida 33316, Fort Lauderdale, Florida 33316
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $6,000,000
- Year Built :
- 1960
- Lot Area :
- 21,450 Sqft
- MLS # :
- A11967447
- Property Sub Type :
- Hotel/motel
