Overview

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  • Status: Closed Sale
  • Parking No info
  • Size: No info
  • Price Per: No info/No info
  • Type: Commercial/Investment
  • Built: 1975
  • HOA: No info
  • MLS Number: F10358547
  • View No info
  • On Site: 482 days
  • Updated: 287 Days Ago
  • Page Views: 1

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

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Price History

DateEventPriceChange RatePrice Per
06/13/2023Sold$3,800,000.0015.6%$177.16 ft2/$1,906.89 m2
12/01/2022Listed$4,500,000.00$209.79 ft2/$2,258.16 m2

Features

Property Details for 505 SE 16th St, Fort Lauderdale, FL 3316

Commercial/Investment current status is Closed Sale, 505 SE 16th St is a Commercial/Investment in , Fort Lauderdale, FL 3316 with property MLS ID# F10358547. This Commercial/Investment has been listed on Best of Luxury Realty since December 01, 2022 and is currently priced at 4,500,000. This property was built in 1975.

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Area Specialist

Buyer/Tenant Etiquette
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Tracey Schmitt
Real Estate Advisor
Specialties:
Luxury Oceanfront Communities, Waterfront Single Family Homes
Memberships:
Master Brokers, Luxury Real Estate Marketing, Million Dollar Guild
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