Bessemer Avenue Industrial Portfolio 2 Industrial Properties in Cleveland, OH

eXp Commercial is pleased to present the opportunity to acquire two adjacent industrial buildings at 7424 and 7500 Bessemer Avenue, Cleveland, Ohio 44127. The properties are offered at auction on May 20, 2026 and may be purchased individually or as a combined portfolio — offering flexibility for owner-users and investors alike.
Located minutes from downtown Cleveland inside a designated Opportunity Zone and within the Opportunity Corridor initiative area, the properties sit in a General Industry zoning district surrounded by established industrial users. The combined portfolio totals approximately 41,965 SF on approximately 1.59 acres.
Both properties are located on Bessemer Avenue in Cleveland's southeast side, within the 44127 zip code — an established industrial corridor with strong connectivity to the regional highway network and the city core.
7424 Bessemer Avenue is a 25,712 SF industrial building built in 1920 on approximately 1.04 acres in Cleveland, Ohio. Zoned General Industry, the property includes approximately 1,500 SF of office space with four private offices, a reception area, and a conference room, plus warehouse/industrial space with ceiling heights from 15' to 25'.
The property also features a brand-new drive-in door installed in January 2025, a truck-high dock door, and recent capital improvements including a partially replaced and coated roof and new office windows.
7500 Bessemer Avenue is a 16,253 SF industrial building constructed in 1920 on approximately 0.55 acres (23,958 SF) of fenced land in Cleveland, Ohio. Classified as Manufacturing and Assembly Light and zoned General Industry, the building features a prominent 4,266 SF newly renovated office component across two floors — a standout for owner-users requiring significant professional office presence alongside industrial operations.
The warehouse portion offers ceiling heights of 14' to 18' with a confirmed 16' clear height, and is served by two drive-in doors and two dock-high truck doors. Power service is robust: 400 Amps, 14,000 Volts, 480/277V — well-suited for manufacturing, plating, heavy processing, or power-intensive operations.
The prior owner operated a plating business on the premises and relocated approximately 30 years ago. An extensive environmental cleanup was completed prior to vacating, and the EPA conducted a walk-through and provided a favorable assessment. No formal Phase I or Phase II environmental audits have been completed under current ownership, and no environmental issues are known to the seller.
Both 7424 and 7500 Bessemer are located within a federally designated Qualified Opportunity Zone. Investors deploying eligible capital gains through a Qualified Opportunity Fund may access three distinct federal tax incentives, each tied to holding period.