Brett Newman - Coldwell Banker Logo
$5,900,000
( $858.93Per Sq Foot )
 $31,672 est/mo Sourced by Back At You

505 SE 16th Street,Fort Lauderdale, FL 33316

Fort Lauderdale, FL 33316

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Description

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.

Details

MLS #A11967447
Listing TypeFor Sale
StyleHotelmotel
Sub-TypeResale
StatusActive
Year1960
Days On Site191
Listing Provided ByOptimar International Realty | Rosa Poler

Features

SQ Feet6,869
Story(s)1
Units4
Building(s)3
ZoningRO
Acreage0.49

Exterior

Lot FeaturesCity Lot, Quarter To Half Acre Lot

Parking

Parking FeaturesCommon, Free Parking

Taxes

Tax Annual Amount12784

Location

Community FeaturesLaundry Facilities

Area Information

StateFL
CountyBroward
CityFort Lauderdale
Zip Code33316
Area3800
Listing VS Median (in 33316)
Price:
$5,900,000
low | high
Med:
$326,944
100% of Average
sqft:
6,869
low | high
Med:
842
100% of Average
$ / sqft:
$859
low | high
Med:
$389
100% of Average
On site:
191
low | high
Med:
104.5
100% of Average
Sourced by Back At You

Market Activity 33316

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Learn More About This Property

Brett Newman

Brett Newman

Coldwell Banker Schmitt

SL555709Global Luxury, Elite Agent Circle (305) 393-1770brett@brettnewman.com
StateFL
CountyBroward
CityFort Lauderdale
Zip Code33316
Area3800
Listing VS Median (in 33316)
Price:
$5,900,000
low | high
Med:
$326,944
100% of Average
sqft:
6,869
low | high
Med:
842
100% of Average
$ / sqft:
$859
low | high
Med:
$389
100% of Average
On site:
191
low | high
Med:
104.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $4.425M - $7.375M
sqft: 5,000 - 8,500
Nearby Listings Property ImageNearby Listings Details
749 SE 15th Street 6 Property Photo 1
$2,000
749 Se 15th Street 6
Fort Lauderdale, FL 33316
749 SE 15th Street 7 Property Photo 1
$1,700
749 Se 15th Street 7
Fort Lauderdale, FL 33316
Listing Updated: August 7, 2026 at 7:11:46 AM PDT

Brett Newman - Coldwell Banker