Boutique Hotel Investment
505 SE 16th St, Fort Lauderdale, FL 33316
- Added:
- Mar 2, 2026
- Days on Market:
- 82
- Last Refresh:
- May 23 at 8:06 am
Property Features for 505 SE 16th St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- RO
- Standard status
- Active
- APN
- 504215105000
- Lot size
- 0.49 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12784
Utilities
- Water source
- Well
Building Details
- Year built
- 1960
- Number of units
- 17
- Flooring type
- Laminate, Marble, Slate
- Building materials
- Block, Other
- Roof type
- Other, Shingle
- Architectural style
- Other
Listing agent Rosa Poler License #3268052 (954) 235-4046
Listing office Optimar International Realty 18246 Collins Avenue, Sunny ISles Beach, FL (305) 947-0477
Listing date Mar 2, 2026
MLS# A11967447
Listing URL
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Turn‑key, fully automated 17‑unit boutique hotel with strong financials: $830K revenue, $372K-$461K NOI, and 80%+ occupancy.
- Prime location: Near Broward Health, Convention Center expansion, FLL Airport, Port Everglades, and a $3B+ development corridor.
- Significant capital improvements: $600K+ invested in 2023, including smart locks, fiber Wi‑Fi, and casting TVs.
- Tech‑driven, remotely manageable operations: Guesty PMS, PricePoint dynamic pricing, and Conduit AI for streamlined management and cost reduction.
- Expansion potential: Undeveloped portion of the lot allows for pool/amenity deck, co‑working space, or additional units.
- Diverse room mix catering to medical travelers, business guests, and leisure visitors.
Overview
This fully upgraded boutique hotel is located on SE 16th St in Fort Lauderdale. It features 17 designer units situated across three contiguous lots totaling 21,450 square feet. The property is zoned RO, which allows for 5-story development. The hotel's financials show a revenue of $830,000 and a net operating income (NOI) of $372,000, representing a 44.6% margin, when third-party managed. Owner-operated, the NOI is $461,000, with a 7.7% cap rate. The hotel has a stabilized occupancy rate of over 80% and an average daily rate (ADR) of $159. Over $600,000 in capital improvements were completed in 2023, including smart locks, fiber Wi-Fi, and 55" casting TVs. The hotel operates with fully automated, tech-driven operations, requiring no front desk or full-time staff. It utilizes Guesty PMS, PricePoint dynamic pricing, and Conduit AI. 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 and walking distance to the $1.2 billion Convention Center expansion, and less than 10 minutes from FLL Airport and Port Everglades. It is adjacent to a $3 billion+ development corridor. Lot 505 is 70% undeveloped, presenting opportunities for 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, making it ideal for portfolio operators, multifamily investors seeking hospitality yields, or local owner-operators.
Property Profile
Location Intelligence
Current Use by Public Records
The Lauderdale Boutique Hotel
Hotel & Motel
Easy Living Concierge ...
Vacation Rental
Northrup Insurance
Insurance Agency
Location Insight
- Map
- Local Demand
- City
- Fort Lauderdale
- County
- Broward
- State
- Florida
- Longitude
- -80.1376074
- Latitude
- 26.1023685
Nearby Similar for Sale
FAQs
What type of property is this?
Hotel - Turn-key, 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 with strong financials: $830K revenue, $372K-$461K NOI, and 80%+ occupancy.; Prime location: Near Broward Health, Convention Center expansion, FLL Airport, Port Everglades, and a $3B+ development corridor.; Significant capital improvements: $600K+ invested in 2023, including smart locks, fiber Wi‑Fi, and casting TVs.
