Monday, December 10, 2012

Top commercial, residential real estate deals of the week | TribLIVE


By Sam Spatter

Published: Saturday, December 8, 2012, 9:00?p.m.
Updated: Saturday, December 8, 2012

DEALSOF THE WEEK

A quick look at recent retail, commercial and industrial projects, sales and leases of note in Western Pennsylvania:

$2 million

Property sold: 4695 Campbell?s Run Rd., Collier

Seller: King Development Inc., Pittsburgh

Buyer: Snyder Automotive Works Inc., Pittsburgh

Detail: A car wash on a 2.1 acre site, adjacent to an Exxon gasoline station, convenience store and repair shop.

Comment: ?We will continue the car wash as part of our station, which was founded in 1953 by our father, Earl J. Snyder Sr.,? said Donald Snyder who with his brother, Ronnie, own the site.

$850,000

Property sold: 2930 Liberty Ave., Strip District

Seller: Nicholas Nicholas, Pittsburgh

Buyer: Pittsburgh Ballet Theatre Inc., Pittsburgh

Details: Acquired a one-story building, which will permit construction of an annex building and three new studios.

Comment: ?We will investigate the cost of conversion and use of the building, which helps expand our studio on Liberty with possible use of the site as parking, either surface or multi-level,? said Harris Ferris, Ballet Theatre executive director.

$300,000

Property sold: 601 Fallowfield Ave., Charleroi

Seller: Palmerino Ciotti, Charleroi

Buyer: Bayshire Properties LLC, South Hills

Details A three-story, 24-unit apartment building with integral garage plus parking lot. Has covered porch, rear deck, laundry room and storage area.

Comment: ?Buyer had been looking to purchase larger investment property to add to its portfolio. Buyer plans to continue building as is but will do some remodeling/updating. Seller plans to retire,? said Elisa Ciotti, Bob Montcavage Team, Priority Realty LLC.

TOP DOLLAR HOMES

Recent home and condominium sales that brought top prices in Western Pennsylvania:

$600,000

Property: Marshall

Seller: George McGee

Buyer: Shamsul Hasan and Naaima Haque

Details: A Provincial-style house on a cul de sac, lots of light from numerous windows and skylights, vaulted ceiling, guest suite with bath, fully paneled den with coffered ceiling, two-story fireplace, family room.

Comment: ?Buyer wanted the North Allegheny School District, liked the huge level lot on a cul de sac, great room sizes and quality construction,? said Molly Vitlar, Howard Hanna Real Estate.

$550,000

Property: Adams

Seller: Richard and Toni Marmajek

Buyer: Richard and Lori Easom

Details: Brick Provincial with four bedrooms, 4 1/2 baths, breakfast nook, two large pantries, lower level with media room, kitchenette, exercise/fifth bedroom, private deck off kitchen, fireplace with blower.

Comment: ?Buyers selected this home because it was in Treesdale golf community, was in mint condition, fenced in yard, very private and in the Mars School District,? said Judi Sayhay, Team Sayhay Associates, Keller Williams Realty.

$550,000

Property: South Strabane

Seller: Barrie Wight

Buyer: Joseph and Lauren DiPietro

Details: Marble foyer, sunken living room, first-floor den, two-story family room, doubled-sided fireplace shared with breakfast room, media room, pool-two-cabanas-pagoda, hot tub.

Comment: ?Buyer liked that this area gave them feel of country but convenient to highway, all shopping and close to elementary school, and has a large in-ground pool totally private,? said Dorothy Walsko, Howard Hanna Real Estate.

Sam Spatter is a staff writer for Trib Total Media. He can be reached at 412-320-7843 or sspatter@tribweb.com.

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Source: http://triblive.com/business/realestate/3067871-74/buyer-property-seller

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