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