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AmeriBid LLC Announces the Absolute Auction of Land Development Site Near Deerbrook Mall

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HUMBLE, Texas, Oct. 29, 2013 (GLOBE NEWSWIRE) -- AmeriBid LLC (www.ameribid.com) announces the auction of an 8.85+/- ac land development site adjacent to Deerbrook Marketplace. "This is the last pad site in this major retail center," comments Paul A. Lynn, CCIM, Regional Director and Texas Broker for AmeriBid. "The property offers flexibility for a variety of uses and will be sold absolute to the highest bidder with no minimum bid and no reserve."

The auction will take place on Thursday, November 21, 2013 at 1:00pm CST at the Hampton Inn Houston/Humble – Airport Area located at 20515 US 59 N., Humble, TX 77338.

The 8.85+/- acre out-parcel pad site sits adjacent to the 350,000+/- sf Deerbrook Marketplace at the US 59 N. and FM 1960 intersection. The site features excellent visibility from US 59/I 69 and has direct access to the highway via Townsen Boulevard. The available land tract is located across from Deerbrook Mall in Humble, Texas and within a few minutes from IAH Airport.

Highlights of this property include a good demographic profile with an active population of 129,358 and household incomes of $73,008 within a 5 mile radius, high traffic count with 133,000 cars per day along US 59 N and flexible usage to include medical, office, hotel, entertainment, health club, complimentary retail, etc.

The general trade area provides major retail/commercial services for the entire northeast Houston market including Atascocita, Humble, Kingwood and southeast Montgomery County. Major retailers in the area include Ross Dress for Less, SuperTarget, Kohl's, Academy, JC Penney, Macy's and Dillard's. Due to its adjacent location to Deerbrook Marketplace, there are some use restrictions for the site; therefore, the buyer and his/her legal advisors should review the title report and supporting documentation to determine whether their intended use of the land is permitted.

10% Buyers Premium applies. 2% Broker participation is offered, subject to Auction Company Broker Registration Form and guidelines therein. This auction is in cooperation with Stream Realty. Please inspect the property at your leisure. No invasive testing permitted. To receive more details and complete terms, please visit www.ameribid.com. For more information, contact Chris Vaughan at 858.382.6030 (chrisvaughan@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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CONTACT: Media Contact: Michelle Baker 877.895.7077 michellebaker@ameribid.com

Source: AmeriBid