Surplus Properties
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, nineteen properties have been sold. One school property and one large vacant site are currently available, in addition to seven small vacant parcels spread throughout the city.
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Former School Property
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New Asking Price
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$55,000
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$350,000
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Vacant Parcels
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New Asking Price
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APN 003-S-077 (South Side Slopes)
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$500
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APN 054-F-081 (Greenfield)
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$500
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APN 054-K-001 (Greenfield)
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$500
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APN 174-L-347 (Homewood)
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$500
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APN 174-L-349 (Homewood)
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$500
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APN 173-G-067 (Lincoln Lemington)
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$500
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APN 011-E-208 (Hill District)
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$500
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Information also available on the Fourth River Development, LLC website.