Sold

505 SE 16th St

Fort Lauderdale FL, 3316

$3,800,000


$553.21 per sqft

Sold

6,869 sqft

Commercial

Built in 1975

This asset is currently licensed as a 13 hotel unit hotel with spacious furnished units and private bathrooms including a large office and 1/1 managers suite. All units are renovated including newer roofs and impact windows. Directly behind the office is a vacant cement lot which has endless potential. The seller had plans to convert this lot into a dog park for an upcharge on rooms or a mini golf course. This Hotel has gorgeous landscaping throughout and a tiki bar for guests to kick back and relax. Turnkey business, easy to run and manage. This is a great short term rental business with a stellar reputation and repeat clientele. The seller will consider owner financing

F10358547

MLS ID

December 1, 2022

Listed

February 16, 2024

Updated

Map

505 SE 16th St
Fort Lauderdale FL, 3316

Interior Features

Total Stories

1


Fireplace

No


Cooling

Yes


Cooling Description

Central Air


Heating

Yes


Heating Description

Central

Exterior/Building Features

Lot Size

0.49 Acres


Sewer

Public Sewer

Other Property Details

Area Name

3600


Days on Market

168


Garage

No


Parking Total

14


View

No


County

Broward County


Water Source

Public


Pool

No


Buyer Agency Compensation

2.5%

Listing History

Date

Event

Price

6/14/2023

Price Change

$3,800,000

-16%

6/14/2023

Sold

$3,800,000

5/18/2023

Pending

Listed by Paul M Julian, Josh Deitchman with Level Realty Partners, LLC
Listing Contact: (386) 846-8541 

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Data last updated 4:33 AM UTC, 2/16/2024

 

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