Rare 35.81 Acre Campus With Development Potential | Bankruptcy Sale

Description:

Bidding Deadline: 4PM on Wednesday, September 12th, 2025 | Auction Date w/ Qualified Bidders to Follow Minimum Bid: $4,250,000 | Subject to Bankruptcy Court Approval | Inquire for Official Bid Procedures

Ariel Property Advisors presents the Jennie Clarkson Campus at 1700 Old Orchard Street, a premier 35.81 acre campus with development potential in Westchester County’s town of North Castle.

The Property:
Spanning 35.81 acres, the subject property is currently a vacant residential treatment facility that contains a mix of 10 buildings totaling approximately 41,470 square feet. The buildings consist of dormitories that previously housed 54 beds, administrative offices, a gymnasium, staff residence and a maintenance building.

R1-A and R2-A zoning provides several development options, including detached single-family homes, convalescent/nursing facilities, educational facilities, day camps and research centers as-of-right.

Surrounded by the scenic Kensico Reservoir and across the street from the Cranberry Lake Preserve, 1700 Old Orchard Street enjoys a great location in a prime residential area and offers an ideal balance of tranquility and accessibility to key regional amenities, including retail centers, nature preserves, Westchester County Airport, and major highways.

Premier Westchester Development Opportunity with limited housing supply, strong regional demographics, and a prime location in one of Westchester’s most sought-after communities, 1700 Old Orchard Street presents a compelling opportunity for residential builders, senior living facilities and a variety of owner-users.

Residential Potential: Seven acres are zoned R1-A: One-Family Residence District, which requires minimum 1-acre lot sizes. The remaining acreage is zoned R2-A: One-Family Residence District, which requires minimum 2-acre lot sizes. A preliminary zoning analysis determined the site could yield approximately 12-16 homes.

Nursing or Convalescent Facility Potential: Current zoning permits the development of convalescent or nursing home facilities that could yield up to 420 beds, as-of-right.

Other permitted uses include:
• Educational facilities
• Religious facilities
• Government uses, including parks, playgrounds and municipal buildings
• Non-profit membership clubs
• Non-profit scientific research centers
• Day camps

Developers can potentially subdivide the property to build a mix of senior living and single family homes, or they can apply for variances that will accommodate higher-density or other uses.

Bidding Deadline: 4PM on Wednesday, September 12th, 2025 | Auction Date w/ Qualified Bidders to Follow Minimum Bid: $4,250,000 | Subject to Bankruptcy Court Approval | Inquire for Official Bid Procedures

Documents: