Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    6707 Bessemer Ave Cleveland, OH 44127

    For Sale
    $1,600,000

    High-income producing flex space, 23,722 SF

    Property size:
    23,722 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    360
    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.

    Property Features for 6707 Bessemer Ave

    General Information

    Property type
    Flex space
    Square Feet
    23,722 SF
    Lot Size
    242,629 SF

    Building Details

    Year Built
    1972
    Buildings
    3

    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 Profile Insight Report Location Intelligence

    Current Use by Public Records

    Averitt Express Drop ... Parking Lot Protrans Transportation Service Cleveland Delivery Trucking Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cleveland
    County
    Cuyahoga
    State
    Ohio
    Longitude
    -81.6427512
    Latitude
    41.4707054

    Nearby Similar for Sale

    • $360,000
      0.08 Acres

      Portfolio of Four Cleveland Properties

      Four properties with income potential in Cleveland and Lorain, Ohio.
      6306 Flowerdale Ave, Cleveland, OH 44144
      View Details
    • New
      $148,500
      Pending

      Renovated Tenant-Occupied Triplex For Sale

      Completely renovated, tenant-occupied triplex with strong rental income.
      12322 Fairport Ave, Cleveland, OH 44118
      View Details
    • New
      $148,500
      Pending

      Renovated Tenant-Occupied Cleveland Triplex

      Completely renovated, tenant-occupied triplex with strong rental income.
      12322 Fairport Ave, Cleveland, OH 44118
      View Details
    • $360,000
      0.08 Acres

      Updated Multifamily Portfolio in Cleveland

      Four-property portfolio with income potential and recent updates.
      6306 Flowerdale Ave, Cleveland, OH 44144
      View Details
    • $300,000
      Pending

      Charming Edgewater Duplex with Updates

      Well-maintained duplex in Edgewater with turnkey investment potential.
      10211 Baltic Rd, Cleveland, OH 44102
      View Details
    • $579,900
      0.10 Acres

      Renovated Triplex in Ohio City

      Completely renovated, tax abated triplex near West 25th Street.
      3823 John Ave, Cleveland, OH 44113
      View Details

    FAQs

    What type of property is this?
    Flex space - High-income producing flex space, 23,722 SF
    Where is this flex space 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).
    Request Owner's contact information
    6707 Bessemer Ave Cleveland, OH 44127
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6707 Bessemer Ave
    Cleveland, OH 44127
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6707 Bessemer Ave Cleveland, OH 44127
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.