MCALLEN, Texas, Sept. 18, 2012 (GLOBE NEWSWIRE) -- AmeriBid LLC (www.AmeriBid.com) announces the multi-property real estate auction of eight commercial, residential and land parcels in South Texas on Thursday, October 11, 2012, at 6:30pm local time, according to Brent Wellings, Regional Director, Auctioneer and Agent.
"We're very excited about the quality of the South Texas properties up for bid," said Wellings. "We have some tremendous opportunities here for investors and developers to purchase prime real estate at auction prices."
The first property consists of approximately 96.523 acres of residential development land adjacent to the Vineyard Estates and Country Meadow Development at 8.5 Mile Road and N. Ware Road in McAllen.
Also up for bid is a multi-purpose commercial building on approximately 1.377 acres in downtown McAllen. Located at 120 S. 20th Street, this property features 32.570 sq. ft. and is zoned commercial.
97 Residential lots in the Master Planned Pecan Grove Community will hit the auction block as well. Located at 1015 3 Mile Road West in Weslaco, these lots are part of a unique development offering recreational amenities such as baseball and soccer fields.
Other development properties up for bid include: 53.6 acres of desirable residential development land improved with utility access and paved streets at N 38th Street and W El Pacifico Avenue in McAllen; a 5.2 acre commercial development site in a high-growth area at the corner of S 10th and FM 1016; as well as a 7.74 acre development land parcel with expressway frontage in a growing area of Alamo, Texas.
"We also have two properties of interest to home buyers," noted Wellings, "including one with private beach access and a fantastic ranch estate."
Located at 6404 Fountain Way in South Padre Island, this four bedroom, four bath home in the gated community of Villas of South Padre boasts 3,473 sq. ft. with access to a private beach. For those who like the cowboy way, AmeriBid offers a 6,389 sq. ft. ranch on 18.2 acres; located at 22708 North F.M. 493, in Edcouch, this property features five bedrooms, six bathrooms, barn, stables, shop building and irrigated pastures.
All properties will be auctioned from the Wingate by Wyndham McAllen Hotel in McAllen, Texas. There will also be an additional location to bid from via satellite in South Padre Island.
Broker participation is encouraged. Properties may be inspected during scheduled previews or by appointment. For more details on how to receive the property information packages and complete terms visit www.AmeriBid.com or call 877-895-7077.
Headquartered in Tulsa, Okla., AmeriBid is the premier global real estate auction leader specializing in the sale of commercial and residential real estate, land properties and other assets for lenders, servicers, receivers, bankruptcy attorneys, estates, private owners, investment companies and local, state and federal government agencies.
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