6707 Bessemer Ave Cleveland, OH 44127
- Parking lots & garages
- 2,340 SF
- 5.57 lot acres
Current Use by Public Records
- Averitt Express Drop Lot / Parking Lot
- Protrans / Transportation Service
- Cleveland Delivery / Trucking Company
Property Details for 6707 Bessemer Ave
- Year built
- 1972
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 5.57 lot acres
- Property size
- 2,340 SF
- Zone code
- GI
- Property type
- Parking lots & garages
- APN
- 125-08-008
- APU
- 12508008
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $425,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $680,000
- 6.5%
- $670,000
- 7%
- $605,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $580,000
- Geo Method
- $535,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $695,000
- Retail
- $725,000
- Mixed-Use
- $550,000
- Hospitality
- $735,000
- Educational
- $550,000
- Residential Income
- $550,000
- Energy
- $660,000
- Income-Based Land
- $645,000
- Food Service
- $570,000
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Cuyahoga
- State
- Ohio
- Longitude
- -81.6423
- Latitude
- 41.4706
- CBSA code
- 17460
- CBSA name
- CLEVELAND-ELYRIA-MENTOR, OH METROPOLITAN STATISTICAL AREA
