SAN ANTONIO, March 11, 2014 (GLOBE NEWSWIRE) -- AmeriBid LLC (www.ameribid.com) announces the opportunity to purchase one of the last remaining parcels of the Crosswinds development site at auction. These three parcels, totaling 13.1+/- acres offer I-35 N frontage and visibility at Weidner Rd and will be sold as one. "This development site is being offered at a reserve price substantially below assessed value and competing sites," comments Paul A. Lynn, CCIM, Regional Director and Broker for AmeriBid. "The current zoning for the site is C3 which offers a great opportunity for multiple uses."
The auction will take place on Tuesday, April 8th, 2014 at 2:00pm CDT off-site at Northeast Bingo Center located at 11123 I-35 N, San Antonio, TX 78233 (off Exit 168, Weidner Road & adjacent to site).
The three parcels making up this site total 13.1+/- acres and measure approximately 8.5+/-ac, 2.98+/-ac and 1.58+/-ac respectively. This property has fantastic visibility from I-35 N and has frontage along the I-35 access road with direct access from Exit 168 (Weidner Road). Zoned C3, a category that offers most any type of retail/commercial use, this property can be developed for a multitude of uses. The property includes an extensive water drainage and concrete detention area. Surrounding the area are retail businesses, hotels and a number of industrial/show room service center properties. The Minimum Bid price for this property is $690,000.
7% Buyers Premium applies. 2% Broker participation is offered, subject to Auction Company Broker Registration Form and guidelines therein. Inspect the property at your leisure. $25,000 Cashier's Check required to bid. Once the winning bidder has been declared, the winning bidder will be required to increase the deposit to equal a total of $100,000 within 48 hours, wired to Escrow Agent, Stewart Title Company. Once the contract is ratified by the Seller, the entire deposit becomes non-refundable and shall be applied to the purchase price at closing. The remainder of the purchase price is due within 30-days at closing. To receive more details and complete terms, please visit www.ameribid.com. For more information and to find out how to bid online, contact Fernando Palacios at 877.933.7779 (fernandopalacios@ameribid.com).
About AmeriBid
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. To be notified of future auctions, sign up for email alerts here.
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