For Sale
$1,600,000

6707 Bessemer Ave Cleveland, OH 44127

High-income producing flex space, 23,722 SF

Overview

Added:
Dec 11, 2024
Days on market:
134
This exceptional investment opportunity presents a three-building industrial flex property ideally situated in Cleveland, Ohio's southeastern industrial district. Boasting a substantial 23,722 square feet of space, this property offers significant potential for both immediate income generation and future development. Built in 1972, the buildings sit on a generous 5.57-acre lot and are zoned for general industry, providing flexibility for a wide range of uses. The property features large, open floor plans with high ceilings, perfect for various industrial or warehouse needs. Ample parking is available on-site, ensuring convenient access for employees and clients. The property's strategic location provides easy access to major transportation arteries, including Highways 490, I-77, and I-90, facilitating efficient logistics and distribution. Currently generating a substantial income stream of $11,000 per month (inclusive of taxes and insurance), this sale-leaseback opportunity presents a compelling investment proposition with strong potential for long-term returns. The asking price for this turnkey operation is $1,600,000. This property is located at 6707 Bessemer Ave, Cleveland, OH 44127.

Highlights

  • Three-building industrial flex property totaling 23,722 square feet in Cleveland, OH's southeastern industrial district.
  • Sits on a 5.57-acre lot, zoned for general industry.
  • Features large, open floor plans with high ceilings, ample on-site parking, and easy access to major highways (I-77, I-90, and Hwy 490).
  • Currently generates $11,000 monthly net operating income (includes taxes and insurance).
  • Asking price: $1,600,000.

Property Details for 6707 Bessemer Ave

Property type
Industrial properties, Flex space
Square Feet
23,722 SF
Year Built
1972
Buildings
3
Lot Size (sq. ft)
242,629 SF

Location Insight

City
Cleveland
County
Cuyahoga
State
Ohio
Latitude
41.4707054
Longitude
-81.6427512

FAQs

What type of property is this?
Industrial property - High-income producing flex space, 23,722 SF
Where is the industrial property located?
The property is located at 6707 Bessemer Ave Cleveland, OH.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three-building industrial flex property totaling 23,722 square feet in Cleveland, OH's southeastern industrial district.; Sits on a 5.57-acre lot, zoned for general industry.; Features large, open floor plans with high ceilings, ample on-site parking, and easy access to major highways (I-77, I-90, and Hwy 490).
How can I contact the broker?
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6707 Bessemer Ave
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