Boutique Hotel Turn-Key
For Sale
$5,600,000
505 SE 16th Street, Fort Lauderdale, FL 33316
Fully upgraded 17-unit boutique hotel in Fort Lauderdale.
Property Size6,869 SF
Lot Size0.49 Acres
Price / SF$815.26
Days on Market185
Property Features for 505 SE 16th Street
General Information
Standard status
Active
Size
6,869 SF
Lot size
0.49 Acres
Zoning
RO
Taxes and HOA fees
Annual Taxes
$12,784
Building Details
Building Size
6,869 SF
Year Built
1960
Buildings
3
Stories
1
Listing Agency:
Optimar International Realty
Listed By:
Rosa Poler · License #3268052
(954) 235-4046
Source:
Laerrealty
Added: Mar 27
Changed: Sep 26
Last Checked: Sep 26 at 4:43AM
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
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Current Use
Location Intelligence
Trade Area within ½ mile
3,951
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
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Market
Vacancy Rate% for Multifamily in South region
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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 Street Fort Lauderdale, FL.
What is the asking price?
The asking price for this property is $5,600,000.
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,
