Five more closed Pittsburgh city schools up for sale now have asking prices.
The five are Gladstone in Hazelwood, $250,000; Homewood, $250,000; Horace Mann on the North Side, $325,000; Rogers in Garfield, $275,000; and Sheraden, $250,000.
Pat Morosetti, sales/leasing manager for Fourth River Development, which was hired by the school district to market closed buildings, said the ones selected for this round were based on interest received so far.
The asking prices are based on three independent appraisals, as well as a requirement that a sales price must cover remaining debt service. The figures for debt service were not available.
Mr. Morosetti said the sites may be suitable for residential apartments or condominiums, offices or other uses.
The largest property is the former Gladstone school, which includes a 142,520-square-foot building and 6.6 acres. It was built in 1914 and closed in 2001, making it the longest-closed school on the list.
Mr. Morosetti considers Gladstone to be a "strategic piece of real estate in the heart of Hazelwood," noting the development now underway of a 178-acre tract, which was the former LTV Coke Works and is owned by Almono LP.
"Given all the momentum taking place with regards to the Almono site, Gladstone is well positioned to help sort of carry out the revitalization of the Hazelwood corridor," he said.
At $325,000, Horace Mann -- built in 1874 and closed in 2006 -- is the highest priced of the five properties. The property, which has a ball field, has a 56,760-square-foot school on 3.13 acres.
Mr. Morosetti said Mann is well located and could be used for a residential development. With a flat lot and the field, he said, the property could support additional uses and could have parking available.
The next largest is Rogers, built in 1915 and closed in 2009, at 60,600 square feet on 2.8 acres.
Homewood, built in 1891 and closed in 2011, has a 33,000-square-foot building on 1.46 acres.
Sheraden, built in 1959 and closed in 2012, has a 30,890-square-foot building on 2.47 acres.
Schaeffer in Crafton Heights, which once was coupled with Sheraden for a K-8, has not yet been given a price, but Mr. Morosetti said it may come to market in the next group or even sooner.
Two other schools already have asking prices, $930,000 for Columbus, which is rented by the charter school Propel Northside, and $475,000 for Burgwin in Hazelwood.
The school board has turned down offers from Propel for Columbus and from the Hazelwood Initiative for Burgwin, which the initiative would lease to Propel for a charter school.
Anyone interested in the properties should contact Fourth River Development at www.frd.us.com/pghschools/pghschoolproperties.htm.
Education writer Eleanor Chute: firstname.lastname@example.org or 412-263-1955. First Published March 3, 2014 3:11 PM