Asset Maximization Plan for Closed Schools

 
In 2012, Pittsburgh Public Schools selected Fourth River Development to initiate an Asset Plan to maximize the value of a portfolio of twenty-one closed school properties within the city. The plan consists of (1) a thorough investigation and evaluation of each school, (2) recommendations to reduce holding costs and increase value, and (3) creative marketing/sales techniques for these very unique and in many cases historical properties.
 
 
To date, thirteen properties have been sold. Seven former school properties and one large vacant site are currently available, in addition to eight small vacant parcels spread throughout the city. 
 

Former School Property
New Asking Price
$360,000
$395,000
$115,000
$285,000
$1,100,000
$1,500,000
$1,395,000
$495,000

 

Vacant Parcels
New Asking Price
APN 003-S-077 (South Side Slopes)
$500
APN 050-B-156 (Garfield)
$500
APN 054-F-081 (Greenfield)
$500
APN 054-K-001 (Greenfield)
$500
APN 174-L-347 (Homewood)
$500
APN 174-L-349 (Homewood)
$500
APN 173-G-067 (Lincoln Lemington)
$500
APN 011-E-208 (Hill District)
$500 

Information also available on the Fourth River Development, LLC website. 
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