# 505 SE 16th St, Fort Lauderdale, FL 33316

> **TL;DR:** commercial, $5,600,000, built 1960. Est. $29,950/mo.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $5,600,000 |
| Year Built | 1960 |
| Lot Size | 21,449 sqft (0.49 acres) |
| Stories | 1 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 0 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $28,317 |
| Estimated Insurance | $1,633 |
| **Total** | **$29,950** |

## Property Highlights

- Built in 1960
- 0.49 acre lot

## Description

### Agent 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.

## Location

- **Address:** 505 SE 16th St, Fort Lauderdale, FL 33316
- **County:** Broward

## Virtual Tour & Media

- **Video Tour:** https://www.propertypanorama.com/instaview/mia/A11967447

## Listing Agent

- **Name:** Rosa Poler · **License:** 3268052
- **Brokerage:** Optimar Realty Group LLC
- **Broker Phone:** (305) 947-0477

## Photos

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---

**MLS#:** A11967447 | **Updated:** 2026-10-28
**Source:** listhub

*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.*

[View on PropertySimple](https://www.propertysimple.ai/listing/505-se-16th-st-fort-lauderdale-fl-33316-f8680e31520d4e4a8d6f3e84ba0cabcc)

---

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