INDUSTRIAL PORTFOLIO AUCTION SALE
INDUSTRIAL PORTFOLIO AUCTION SALE
Marketing description
Property Preview Dates:
• Thursday, May 14 | 12:00 PM – 1:00 PM
• Tuesday, May 19 | 3:00 PM – 4:00 PM
Two adjacent industrial buildings offered for sale via auction May 20 th — available individually or as a combined portfolio. 7424 Bessemer Ave (25,712 SF / 1.04 AC) and 7500 Bessemer Ave (16,253 SF / 0.55 AC) are zoned General Industry and located in a federally designated Opportunity Zone on Cleveland's southeast side, approximately 4–5 miles from downtown. Combined portfolio totals 41,965 SF on approximately 1.59 acres.
7424 Bessemer features ceiling heights of 15'–25', one new 14'x14' drive-in door (installed Jan 2025), one dock-high truck door (12'3" x 9'5"), and approximately 1,500 SF of office space with 4 private offices, reception, and a conference room. Recent capital improvements include a partial roof replacement and full coating completed last year, plus new office windows.
7500 Bessemer features 4,266 SF of newly renovated two-story office space, 16' clear height, two drive-in doors, two dock-high truck doors, and heavy power service: 400A / 14,000V / 480-277V 3-phase. Site is fenced with dedicated parking and a cross-access easement with 7424 for truck maneuvering.
Both properties: zoned General Industry, no outstanding liens/back taxes/assessments, built 1920, within Opportunity Zone. Proximate to I-77, I-490, and the Opportunity Corridor. Ideal for owner-users (manufacturing, warehousing, contractor, outside storage) or investors seeking an Opportunity Zone industrial play.
Investment highlights
Opportunity Zone Designation — Both parcels fall within a federally designated Opportunity Zone, offering qualifying investors potential capital gains deferral and long-term tax advantages
Flexible Purchase Structure — Available individually or as a combined portfolio; 7424 Bessemer (25,712 SF) and 7500 Bessemer (16,253 SF) total approximately 41,965 SF on ±1.59 acres
Proximity to Downtown Cleveland — Located approximately 4–5 miles from the CBD with direct access to I-77, I-490, and I-480; proximate to the Opportunity Corridor infrastructure investment
Recent Capital Improvements at 7424 — Partial roof replacement plus full two-coat roof coating completed last year; new 14'x14' insulated sectional drive-in door installed January 2025; new office windows
Newly Renovated Office at 7500 — 4,266 SF of move-in-ready two-story office space, ideal for owner-users requiring a professional presence alongside industrial operations
Heavy Power Service at 7500 — 400 Amps / 14,000 Volts / 480-277V 3-phase — well-suited for manufacturing, processing, or power-intensive industrial tenants
Functional Loading Configuration — Combined portfolio includes three drive-in doors and three dock-high truck doors across both buildings; 7500 features a fenced site with dedicated parking and cross-access easement for truck maneuvering
General Industry Zoning — Broad range of permitted uses including manufacturing, warehousing, distribution, contractor operations, auto-related uses, and outside storage
Clean Title, No Assessments — No outstanding liens, back taxes, or assessments on either parcel; no known environmental issues; EPA walk-through at 7500 yielded a favorable result following prior operator cleanup
Auction Sale — Late May 2026 — Competitive bidding process creates transparent pricing; motivated seller, clear timeline, and opportunity for qualified buyers to acquire at market-driven terms
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