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AmeriBid LLC to Conduct Auction of 7 Land Development Sites and Residential Treatment Facility

SEALY, Texas, June 5, 2013 (GLOBE NEWSWIRE) -- AmeriBid LLC (www.ameribid.com) announces the auction of 7 land development sites and a residential treatment facility. All of the commercial and residential development sites are located near I-10 in Sealy and the 52 bed Residential Treatment Facility is located in Wallis, TX, just 45 minutes from downtown Houston. "These various sites located throughout the Sealy area offer opportunities for immediate development," stated Mike Weber, General Manager with Ranch Country of Texas, Inc. "This area is seeing dynamic development and has generated interest from several potential industrial/commercial users."

All Properties will be auctioned off-site at the Holiday Inn Express Hotel & Suites in Katy, TX on June 25, 2013. The hotel is located at 21010 Katy Freeway, Katy, TX 77449. Registration begins at 12:00 pm (Noon) CDT and the auction will begin at 1:00 pm CDT.

The seven development sites are as follows: a 14+/- acre commercial development site in Prosperity Park II, two 6.1+/- ac commercial development sites on Harrison Road, a 5.05+/- acre development site visible from I-10 with all utilities in place on Outlet Center Drive, a 23+/- acre parcel of desirable rural residential land on Klopsteck Road, a 11.44+/- acre development site visible from I-10 with gravel pit lake on Beckendorff Road and a 1.25+/- acre development site on Highway 90 West with utilities available.

The residential treatment facility is comprised of two buildings with 21 bedrooms and is licensed for 52 residents. "The Wallis Residential Treatment site offers an opportunity for any type of live-in function, with all service that may be required, to have a facility that is ready for immediate move-in," stated Paul A. Lynn, CCIM, Regional Director & Broker with AmeriBid LLC. Each building features an alarm system and offers full support functions including cooking/kitchens, community rooms, laundry, and dormitory sleeping areas with restroom and shower facilities. The buildings are flexible and could be converted to senior care facilities, modified live-in care medical related facilities, drug treatment centers or any other type of live-in facilities. Wallis and Austin County have dynamic Economic Development incentive programs available for qualified operators.

A 10% Buyer's Premium applies. Broker participation is offered with 2% for the Sealy sites and 1.5% for the Wallis property; subject to the Auction Company guidelines. Inspections of the development sites are at your leisure, inspections dates for the treatment facility are available on www.ameribid.com. Possible seller financing is available for qualified buyers for the Sealy sites. To receive more details and complete terms, please visit www.ameribid.com or call 877.895.7077. You may also contact Paul A. Lynn, CCIM at 832.598.8BID (243) orpaullynn@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.

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CONTACT: Michelle Baker 877.895.7077

Source: AmeriBid