Boutique Hotel Turn-Key
For Sale
Contact for pricing
505 SE 16th St, Fort Lauderdale, FL 33316
Fully upgraded 17-unit boutique hotel in Fort Lauderdale.
Property Size6,869 SF
Lot Size0.49 Acres
Price / SF$873.49
Days on Market178
Property Features for 505 SE 16th St
General Information
Standard status
Active
Size
6,869 SF
Total Parking Spaces
17
Lot size
0.49 Acres
Property subtype
Hospitality, Multifamily
Zoning
RO
Occupancy
80%
Investment Type
Value Add
Net Operating Income
$273,000
Building Details
Year Built
1960
Year Renovated
2023
Buildings
3
Stories
2
Listing Agency:
Optimar International Realty
(954) 235-4046
Listed By:
Rosa Poler · License #3268052
Source:
Crexi
Added: Feb 14
Changed: Aug 8
Last Checked: Jul 20 at 2:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Optimar International Realty
Investment Insights
Based on property information with market context.
This fully upgraded boutique hotel is located at SE 16th St, Fort Lauderdale. It features 17 designer units situated on three contiguous lots totaling 21,450 SF with RO zoning, which allows for 5-story development. The property has undergone over $600,000 in capital improvements in 2023, including smart locks, fiber Wi-Fi, and 55" casting TVs. The room mix includes 5 Queen Studios, 4 King Studios, 5 Junior Suites, and 3 Two-Bedroom Suites, catering to medical travelers, business guests, and leisure visitors. The location is 2 minutes from Broward Health (716 beds), within walking distance to a $1.2B Convention Center expansion, and less than 10 minutes from FLL Airport and Port Everglades (4.7M cruise passengers). It is also adjacent to a $3B+ development corridor including Pier Sixty-Six and Bahia Mar. Lot 505 is 70% undeveloped, offering expansion opportunities such as a pool/amenity deck, co-working conversion, or an 8-12 unit vertical addition. The property is offered with all technology, furnishings, and systems in place and is ideal for portfolio operators, multifamily investors seeking hospitality yields, or local owner-operators. The operation is fully automated, requiring no front desk or full-time staff, and is manageable remotely.
Key Highlights
- Turn‑key, fully automated 17‑unit boutique hotel requiring no front desk or full‑time staff.
- Strong financials:** $830K revenue, $372K NOI (44.6% margin) third‑party managed. Potential for $461K NOI (7.7% cap) owner‑operated.
- Prime location:** 2 min from Broward Health, walking distance to Convention Center expansion, <10 min to FLL Airport and Port Everglades, adjacent to $3B+ development corridor.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,547
Businesses Nearby
Explore this area
Business Placement
Demographics for 33316, FL
12,669
Population
8,946
Households
1.4
Avg Household Size
50
Median Age
54%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
3,090
Density / Sq Mi
$89,200
Median Household Income
$52,992
Median Earnings
$2,047
Median Rent
$793,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Fully upgraded 17-unit boutique hotel in Fort Lauderdale.
Where is this hotel located?
The property is located at 505 SE 16th St Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Turn‑key, fully automated 17‑unit boutique hotel requiring no front desk or full‑time staff.; Strong financials:** $830K revenue, $372K NOI (44.6% margin) third‑party managed. Potential for $461K NOI (7.7% cap) owner‑operated.; Prime location:** 2 min from Broward Health, walking distance to Convention Center expansion,
