505 SE 16th Street, Fort Lauderdale, FL 33316
$5,600,000 · $815 per sq ft · Hotel/Motel for sale
- Property type: Hotel/Motel
- Asking price: $5,600,000
- Price per sq ft: $815
- Building size: 6,869 sq ft
- Lot size: 21,432 sq ft
- Zoning: RO
- Year built: 1960
- Units: 4
- Stories: 1
- Occupancy: 80%
- Buildings: 3
- Parcel ID: 504215105000
- MLS#: A11967447
About this property
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.
Building Features and Utilities
- Block
- Other
Rent Roll
| Unit type | Units | Beds / baths | Size | Rent per unit | Pro forma |
|---|---|---|---|---|---|
| Hotel Room(s) | 5 | — | — | — | — |
| Hotel Room(s) | 5 | — | — | — | — |
| Hotel Room(s) | 4 | — | — | — | — |
| Hotel Room(s) | 4 | — | — | — | — |
| Suite(s) | 5 | — | — | — | — |
| Suite(s) | 5 | — | — | — | — |
| 2 Bedroom | 3 | 2 / — | — | — | — |
31 units.
Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.
Operating Statement
| Property taxes | $12,784/yr |
|---|
Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.
About the Business at 505 SE 16th Street
- Included: Building, Furniture, Land, Leases, Machinery
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
Optimar International Realty · cristina@optimar.com · Listing agent: Rosa Poler
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.
Request a tour or more information
Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 505 SE 16th Street or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.
Questions About 505 SE 16th Street
- How much is 505 SE 16th Street?
- 505 SE 16th Street is listed at $5,600,000, about $815 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
- What is 505 SE 16th Street zoned?
- The listing reports zoning of RO. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
- How big is 505 SE 16th Street?
- The listing reports 6,869 square feet of building.
- When was 505 SE 16th Street built?
- 505 SE 16th Street was built in 1960. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
- What are the property taxes on 505 SE 16th Street?
- The listing reports annual property taxes of $12,784 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
- How do I tour 505 SE 16th Street?
- Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.
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