17-Unit Boutique
For Sale
$5,900,000
505 SE 16th St, Fort Lauderdale, FL 33316
Commercial Sale, Fort Lauderdale, FL
Property SizeContact for details
Lot Size0.49 Acres
Days on Market9
Property Features for 505 SE 16th St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
RO
Subdivision
3600
Standard status
Active
APN
504215105000
Lot size
0.49 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
CROISSANT PARK 4-28 B LOT 20 BLK 62-L
Tax Annual Amount
12784
Legal Description
CROISSANT PARK 4-28 B LOT 20 BLK 62-L
Utilities
Water source
Well
Building Details
Year built
1960
Floors in Building
1
Number of units
17
Flooring type
Laminate, Marble, Slate
Building materials
Block
Roof type
Shingle
Listing Agency:
Optimar International Realty
(305) 947-0477
Listed By:
Rosa Poler · License #3268052
(954) 235-4046
Added: Aug 19
Changed: Aug 26
Last Checked: Aug 27 at 11:06PM
MLS# A11967447
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.
Investment Insights
Based on property information with market context.
This boutique hotel includes 17 accommodations arranged as five Queen Studios, four King Studios, five Junior Suites, and three Two-Bedroom Suites. The property spans three contiguous lots totaling 21,450 square feet, with Lot 505 approximately 70% undeveloped. The building was constructed in 1960 and features block construction, laminate, slate, and marble flooring, plus shingle roofing.
Operations are supported by smart locks, fiber Wi-Fi, 55-inch casting TVs, Guesty PMS, PricePoint dynamic pricing, Conduit AI, and SiteMinder distribution. The technology package supports a remote operating model without a front desk or full-time staff. RO zoning supports 5-story development, with the undeveloped portion identified for a pool and amenity deck, coworking conversion, or an 8- to 12-unit vertical addition.
The hotel is 2 minutes from Broward Health, a 716-bed medical center, and within walking distance of the convention center expansion. Fort Lauderdale-Hollywood International Airport and Port Everglades are both less than 10 minutes away. Nearby development includes Pier Sixty-Six and Bahia Mar.
Operations are supported by smart locks, fiber Wi-Fi, 55-inch casting TVs, Guesty PMS, PricePoint dynamic pricing, Conduit AI, and SiteMinder distribution. The technology package supports a remote operating model without a front desk or full-time staff. RO zoning supports 5-story development, with the undeveloped portion identified for a pool and amenity deck, coworking conversion, or an 8- to 12-unit vertical addition.
The hotel is 2 minutes from Broward Health, a 716-bed medical center, and within walking distance of the convention center expansion. Fort Lauderdale-Hollywood International Airport and Port Everglades are both less than 10 minutes away. Nearby development includes Pier Sixty-Six and Bahia Mar.
Key Highlights
- 17 accommodations with five Queen Studios, four King Studios, five Junior Suites, and three Two‑Bedroom Suites
- Three contiguous lots totaling 21,450 SF; Lot 505 is 70% undeveloped
- RO zoning supports 5‑story development and identified expansion concepts
Property Analytics
Property Profile
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Upgraded hospitality property with automated operations, varied accommodations, and expansion capacity on a partially undeveloped lot.
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 $5,900,000.
What are key features of this property?
This property features: 17 accommodations with five Queen Studios, four King Studios, five Junior Suites, and three Two‑Bedroom Suites; Three contiguous lots totaling 21,450 SF; Lot 505 is 70% undeveloped; RO zoning supports 5‑story development and identified expansion concepts
