505 SE 16th St, Fort Lauderdale FL 33316

Description of 505 SE 16th St, Fort Lauderdale FL 33316

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.

Property Details for 505 SE 16th St, Fort Lauderdale FL 33316

Flooring

Marble/Slate Floors

Parking Features

Additional Spaces Available, Common, Free Parking

Pool Private

No

Year Built Details

Resale

Building Information for 505 SE 16th St, Fort Lauderdale FL 33316

Building Area Total

6869

Building Area Units

Square Feet

Stories

1

Stories Total

1

Association

No

Security Features

Smoke Detector(s), Security Fence

Property Information for 505 SE 16th St, Fort Lauderdale FL 33316

Lot Features

City Location

Lot Size Square Feet

21,450

Waterfront

No

View

No

Construction Materials

Concrete Block Construction, Other

Roof

Other, Shingle

Water Source

Well

New Construction

No

Public Records for 505 SE 16th St, Fort Lauderdale FL 33316

Parcel Number

504215105000

Tax Annual Amount

$12,784

Tax Year

2,025

Tax Legal Description

CROISSANT PARK 4-28 B LOT 20 BLK 62-L

Zoning

RO

County Or Parish

Broward County

Location