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AmeriBid LLC to Conduct Auction of 13,172+/- sf Warehouse With Frontage on US-69 in Lufkin, Texas

LUFKIN, Texas, May 1, 2013 (GLOBE NEWSWIRE) -- AmeriBid LLC (www.ameribid.com) announces the auction of a 13,172+/- sf warehouse with 133+/- sf of frontage on US-69, a main thoroughfare in Lufkin. "This is a tremendous opportunity to own a warehouse building on a main thoroughfare with plenty of room for expansion and parking," notes John Mayeron, Regional Director and Agent for AmeriBid. "There is central air conditioning throughout and Phase II Environmental Site Assessment is already complete."

The bank ordered auction will take place live on-site on May 28th, 2013 at 10:00am CDT at 3630 East Denman Road in Lufkin.

This property was built in 2006 as a gymnasium but was converted in 2008 to a nightclub with wood dance floor, multiple bars and office space. While open, the business installed extensive insulation to compensate for the noise factor. The steel frame building has metal sides and is comprised of 13,172+/-sf. It is mostly one story with 25' ceilings but features an 850+/-sf mezzanine space. Another mezzanine space has been framed, but not completed. The entire building has central air conditioning and heat, the bathrooms appear to be ADA compliant, and an alarm system has been installed. Other features include a 600+/-sf covered entrance and a 9,050+/-sf concrete parking lot, with additional parking space on graveled ground. Sitting on 5+/- acres, the property features 133+/-ft of frontage on East Denman Avenue (US-69), a primary four lane road in east Lufkin. Middle turn lanes provide easy access to the property from either direction.

Lufkin, Texas is located in east Texas in Angelina County. It is approximately 120 miles northeast of Houston and 173 miles southwest of the Dallas area. Lufkin is comprised of approximately 35,000 people.

A 10% Buyer's Premium applies. Brokers representing a buyer will be paid a 1.5% cooperating broker fee. Properties may be inspected during scheduled previews on May 14th & May 21st (see website for specific times) and on May 28th (prior to auction). To receive the property information package and complete terms, please visit www.ameribid.com or call 877-895-7077. You may also contact John Mayeron directly at 214-334-4330 or johnmayeron@ameribid.com.

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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CONTACT: Media Contact: Michelle Baker 877.895.7077

Source: AmeriBid